Compass Diversified (NYSE:CODI) Shares Acquired by SPC Financial Inc.

SPC Financial Inc. lifted its holdings in shares of Compass Diversified (NYSE:CODI) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,600 shares of the financial services provider’s stock after buying an additional 500 shares during the period. SPC Financial Inc.’s holdings in Compass Diversified were worth $406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BankPlus Trust Department bought a new position in Compass Diversified during the 4th quarter valued at $43,000. Farther Finance Advisors LLC boosted its stake in Compass Diversified by 273.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,625 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Compass Diversified by 190.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,000 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Compass Diversified by 29.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 729 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in Compass Diversified by 245.7% during the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 5,288 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen assumed coverage on Compass Diversified in a research note on Wednesday, November 27th. They set a “buy” rating and a $34.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. Finally, B. Riley upgraded Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th.

Compass Diversified Price Performance

Shares of NYSE:CODI opened at $20.29 on Thursday. Compass Diversified has a one year low of $19.76 and a one year high of $25.07. The stock has a fifty day moving average of $21.40 and a 200-day moving average of $21.86. The company has a market capitalization of $1.53 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22.

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.93%. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

Compass Diversified Profile

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.