Steward Partners Investment Advisory LLC Has $525,000 Holdings in Compass Diversified (NYSE:CODI)

Steward Partners Investment Advisory LLC boosted its stake in shares of Compass Diversified (NYSE:CODI) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,767 shares of the financial services provider’s stock after purchasing an additional 910 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Compass Diversified were worth $525,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its stake in Compass Diversified by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 572 shares during the last quarter. Principle Wealth Partners LLC raised its stake in shares of Compass Diversified by 6.5% in the 4th quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock valued at $243,000 after buying an additional 645 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Compass Diversified by 29.6% in 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 buying an additional 729 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Compass Diversified by 1.1% in the 3rd quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider’s stock valued at $1,733,000 after buying an additional 817 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Compass Diversified by 10.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,360 shares of the financial services provider’s stock valued at $318,000 after buying an additional 1,331 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Down 1.5 %

CODI opened at $19.43 on Thursday. The firm’s 50-day simple moving average is $21.05 and its 200-day simple moving average is $21.80. 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 has a twelve month low of $18.88 and a twelve month high of $24.59. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 1.25 and a beta of 1.59.

Compass Diversified Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.15%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s payout ratio is 208.33%.

Analyst Ratings Changes

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

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.