Compass Diversified (NYSE:CODI) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Compass Diversified (NYSE:CODI) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,442 shares of the financial services provider’s stock after acquiring an additional 1,007 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Compass Diversified were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Compass Diversified in the fourth quarter valued at $4,250,000. Promus Capital LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at $30,000. SPC Financial Inc. lifted its holdings in shares of Compass Diversified by 2.9% in the fourth quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider’s stock valued at $406,000 after buying an additional 500 shares during the period. Atria Investments Inc lifted its holdings in shares of Compass Diversified by 8.9% in the fourth quarter. Atria Investments Inc now owns 73,380 shares of the financial services provider’s stock valued at $1,694,000 after buying an additional 6,008 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Compass Diversified by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 11,729 shares of the financial services provider’s stock valued at $271,000 after buying an additional 1,223 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

Wall Street Analyst Weigh In

CODI has been the topic of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. B. Riley raised Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, TD Cowen initiated coverage on Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock.

Compass Diversified Stock Up 1.3 %

Shares of Compass Diversified stock opened at $19.91 on Thursday. The stock’s fifty day moving average is $20.77 and its 200-day moving average is $21.71. The firm has a market capitalization of $1.50 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. Compass Diversified has a 12-month low of $18.88 and a 12-month high of $24.59.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s payout ratio is 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.