Compass Diversified (NYSE:CODI) Stake Increased by SPC Financial Inc.

SPC Financial Inc. grew its holdings in Compass Diversified (NYSE:CODI) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,600 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. SPC Financial Inc.’s holdings in Compass Diversified were worth $406,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. National Bank of Canada FI increased its stake in shares of Compass Diversified by 11.5% in the third quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider’s stock worth $4,876,000 after acquiring an additional 22,792 shares during the last quarter. Barclays PLC increased its stake 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 worth $2,341,000 after acquiring an additional 79,086 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Compass Diversified by 22.3% in the fourth quarter. D.A. Davidson & CO. now owns 95,749 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 17,453 shares during the last quarter. Magnolia Private Wealth LLC acquired a new position in Compass Diversified during the fourth quarter worth $515,000. Finally, Swedbank AB increased its position in Compass Diversified by 46.5% during the fourth 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. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen assumed coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, William Blair reissued an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th.

Compass Diversified Trading Down 0.7 %

Shares of NYSE:CODI opened at $20.29 on Thursday. The company has a market cap of $1.53 billion, a P/E ratio of 42.27, a P/E/G ratio of 1.25 and a beta of 1.59. The stock’s 50-day moving average is $21.40 and its 200-day moving average is $21.86. Compass Diversified has a 52-week low of $19.76 and a 52-week high of $25.07. 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. Stockholders of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio is currently 208.33%.

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.