Raymond James Financial Inc. Invests $4.25 Million in Compass Diversified (NYSE:CODI)

Raymond James Financial Inc. purchased a new position in Compass Diversified (NYSE:CODI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 184,143 shares of the financial services provider’s stock, valued at approximately $4,250,000. Raymond James Financial Inc. owned about 0.24% of Compass Diversified as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC bought a new position in shares of Compass Diversified in the fourth quarter worth approximately $30,000. SPC Financial Inc. boosted its stake in Compass Diversified by 2.9% during the fourth quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 500 shares in the last quarter. Atria Investments Inc grew its stake 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 worth $1,694,000 after acquiring an additional 6,008 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Compass Diversified by 11.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,729 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Compass Diversified by 4.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,767 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Compass Diversified Price Performance

CODI opened at $19.18 on Thursday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 1.25 and a beta of 1.59. The company has a current ratio of 4.22, a quick ratio of 1.62 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. The business’s fifty day simple moving average is $20.56 and its 200-day simple moving average is $21.65.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 5.21%. Compass Diversified’s dividend payout ratio is currently 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.