Compass Diversified (NYSE:CODI) Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in Compass Diversified (NYSE:CODI) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,900 shares of the financial services provider’s stock after acquiring an additional 1,400 shares during the quarter. Swiss National Bank owned 0.18% of Compass Diversified worth $3,090,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Compass Diversified during the 4th quarter worth $4,250,000. FMR LLC boosted its position in Compass Diversified by 115.0% in the 3rd quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after buying an additional 151,783 shares during the last quarter. Swedbank AB acquired a new stake in shares of Compass Diversified during the third quarter valued at about $3,306,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Compass Diversified by 1.9% in 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 acquiring an additional 80,402 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Compass Diversified by 296.3% in the third quarter. Barclays PLC now owns 105,774 shares of the financial services provider’s stock valued at $2,341,000 after purchasing an additional 79,086 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Trading Down 0.1 %

Shares of NYSE CODI opened at $19.18 on Thursday. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average price is $20.56 and its two-hundred day moving average price is $21.65. Compass Diversified has a 52-week low of $18.88 and a 52-week high of $24.59. The stock has a market capitalization of $1.44 billion, a P/E ratio of 39.96, a PEG ratio of 1.25 and a beta of 1.59.

Compass Diversified Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.21%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

Analyst Ratings Changes

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

About Compass Diversified

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.