BankPlus Trust Department Makes New Investment in Compass Diversified (NYSE:CODI)

BankPlus Trust Department purchased a new position in shares of Compass Diversified (NYSE:CODI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,869 shares of the financial services provider’s stock, valued at approximately $43,000.

Several other institutional investors also recently modified their holdings of the stock. National Bank of Canada FI increased its stake in shares of Compass Diversified by 11.5% during the 3rd quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider’s stock worth $4,876,000 after purchasing an additional 22,792 shares during the last quarter. Barclays PLC lifted its holdings in shares of Compass Diversified by 296.3% during the 3rd 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. raised its position in Compass Diversified by 22.3% in the 4th quarter. D.A. Davidson & CO. now owns 95,749 shares of the financial services provider’s stock worth $2,210,000 after purchasing an additional 17,453 shares during the period. Swedbank AB increased its position in shares of Compass Diversified by 46.5% in the fourth quarter. Swedbank AB now owns 218,900 shares of the financial services provider’s stock valued at $5,052,000 after acquiring an additional 69,525 shares during the period. Finally, Allspring Global Investments Holdings LLC increased 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 acquiring an additional 80,402 shares during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Price Performance

Compass Diversified stock opened at $20.72 on Wednesday. The firm has a 50-day moving average price of $21.68 and a 200-day moving average price of $21.87. The firm has a market capitalization of $1.57 billion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 1.25 and a beta of 1.64. 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 $19.76 and a 12-month high of $25.07.

Compass Diversified Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.83%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s dividend payout ratio is presently 208.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CODI shares. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. TD Cowen started 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. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.