Compass Diversified (NYSE:CODI) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Compass Diversified (NYSE:CODI) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,338,161 shares of the financial services provider’s stock after purchasing an additional 80,402 shares during the quarter. Allspring Global Investments Holdings LLC owned about 5.73% of Compass Diversified worth $98,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its holdings in shares of Compass Diversified by 5.1% during the third quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock valued at $260,000 after buying an additional 572 shares during the last quarter. Principle Wealth Partners LLC lifted its position in Compass Diversified by 6.5% during the 4th quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 645 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Compass Diversified by 29.6% during 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 purchasing an additional 729 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Compass Diversified by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 15,830 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 755 shares during the period. Finally, D.A. Davidson & CO. raised its stake in shares of Compass Diversified by 1.1% in the third quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider’s stock worth $1,733,000 after purchasing an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Down 1.3 %

Shares of CODI opened at $20.68 on Thursday. The stock’s 50-day moving average price is $22.26 and its 200-day moving average price is $21.92. 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 company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 1.24 and a beta of 1.64. Compass Diversified has a 52 week low of $19.76 and a 52 week high of $25.07.

Compass Diversified Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.84%. Compass Diversified’s payout ratio is 208.33%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Cowen initiated coverage on Compass Diversified in a research report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 target price on the stock. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $29.00.

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.