Commonwealth Equity Services LLC Has $727,000 Holdings in Compass Diversified (NYSE:CODI)

Commonwealth Equity Services LLC decreased its holdings in Compass Diversified (NYSE:CODI) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,477 shares of the financial services provider’s stock after selling 2,095 shares during the period. Commonwealth Equity Services LLC’s holdings in Compass Diversified were worth $727,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CODI. Raymond James Financial Inc. bought a new stake in Compass Diversified in the 4th quarter valued at $4,250,000. FMR LLC increased its holdings in shares of Compass Diversified by 115.0% in the third quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after purchasing an additional 151,783 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position 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 valued at $98,693,000 after purchasing an additional 80,402 shares during the period. Barclays PLC raised its position in shares of 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 period. Finally, Swedbank AB lifted its stake in shares of Compass Diversified by 46.5% during the 4th quarter. Swedbank AB now owns 218,900 shares of the financial services provider’s stock worth $5,052,000 after buying an additional 69,525 shares during the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Stock Up 1.3 %

CODI opened at $18.77 on Thursday. The stock has a fifty day moving average of $20.30 and a 200-day moving average of $21.59. The company has a market capitalization of $1.41 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.25 and a beta of 1.59. Compass Diversified has a fifty-two week low of $18.32 and a fifty-two week high of $24.59. 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 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 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio is -78.13%.

Analysts Set New Price Targets

CODI has been the topic of a number of research reports. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th.

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.