Lee Financial Co Reduces Position in Compass Diversified (NYSE:CODI)

Lee Financial Co trimmed its holdings in Compass Diversified (NYSE:CODI) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,246 shares of the financial services provider’s stock after selling 900 shares during the quarter. Lee Financial Co’s holdings in Compass Diversified were worth $1,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position in Compass Diversified by 1.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider’s stock worth $98,693,000 after purchasing an additional 80,402 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Compass Diversified by 1.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock valued at $36,240,000 after buying an additional 23,104 shares during the period. Essex Financial Services Inc. increased its holdings in shares of Compass Diversified by 0.3% during the 4th quarter. Essex Financial Services Inc. now owns 1,305,545 shares of the financial services provider’s stock worth $30,132,000 after buying an additional 3,371 shares during the last quarter. Royce & Associates LP raised its position in shares of Compass Diversified by 4.9% during the 3rd quarter. Royce & Associates LP now owns 857,781 shares of the financial services provider’s stock valued at $18,983,000 after buying an additional 40,247 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in Compass Diversified by 1.5% in the third quarter. North Star Investment Management Corp. now owns 354,432 shares of the financial services provider’s stock valued at $7,844,000 after acquiring an additional 5,071 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CODI has been the topic of a number of research analyst reports. TD Cowen started coverage on Compass Diversified in a research report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 target price on the stock. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $29.00.

Compass Diversified Price Performance

CODI stock opened at $20.99 on Friday. The business’s fifty day moving average price is $22.10 and its 200 day moving average price is $21.89. Compass Diversified has a 12-month low of $19.76 and a 12-month high of $25.07. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $1.59 billion, a PE ratio of 43.72, a P/E/G ratio of 1.24 and a beta of 1.64.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 4.77%. Compass Diversified’s dividend payout ratio is presently 208.33%.

Compass Diversified Company 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.