Compass Diversified (NYSE:CODI) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of Compass Diversified (NYSE:CODI) by 22.3% in the 4th quarter, HoldingsChannel reports. The fund owned 95,749 shares of the financial services provider’s stock after acquiring an additional 17,453 shares during the period. D.A. Davidson & CO.’s holdings in Compass Diversified were worth $2,210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CODI. International Assets Investment Management LLC acquired a new position in Compass Diversified during the 3rd quarter worth approximately $1,058,000. E. Ohman J or Asset Management AB grew its holdings in Compass Diversified by 8.0% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 81,170 shares of the financial services provider’s stock worth $1,796,000 after acquiring an additional 6,000 shares in the last quarter. Essex Financial Services Inc. grew its holdings in Compass Diversified by 20.2% during the 3rd quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock worth $27,372,000 after acquiring an additional 218,394 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Compass Diversified by 190.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its holdings in Compass Diversified by 11.7% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 26,700 shares of the financial services provider’s stock worth $589,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CODI shares. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. TD Cowen started coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $29.00.

Compass Diversified Trading Down 0.9 %

Shares of Compass Diversified stock opened at $20.78 on Friday. The company has a fifty day simple moving average of $21.88 and a 200-day simple moving average of $21.84. Compass Diversified has a 12-month low of $19.76 and a 12-month high of $25.07. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 1.25 and a beta of 1.64.

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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio is currently 208.33%.

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.