Principle Wealth Partners LLC Raises Holdings in Compass Diversified (NYSE:CODI)

Principle Wealth Partners LLC grew its position in shares of Compass Diversified (NYSE:CODI) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,510 shares of the financial services provider’s stock after purchasing an additional 645 shares during the period. Principle Wealth Partners LLC’s holdings in Compass Diversified were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its position 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 purchasing an additional 572 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Compass Diversified by 29.6% in 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 acquiring an additional 729 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Compass Diversified by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 15,830 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 755 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Compass Diversified by 1.1% in the 3rd quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider’s stock valued at $1,733,000 after acquiring an additional 817 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Compass Diversified by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 219,229 shares of the financial services provider’s stock valued at $4,852,000 after acquiring an additional 933 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Performance

Compass Diversified stock opened at $20.95 on Wednesday. The company has a 50 day moving average price of $22.31 and a 200-day moving average price of $21.94. 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 has a fifty-two week low of $19.76 and a fifty-two week high of $25.07. The company has a market capitalization of $1.58 billion, a PE ratio of 43.64, a P/E/G ratio of 1.24 and a beta of 1.64.

Compass Diversified Announces Dividend

The business also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio is presently 208.33%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. B. Riley raised 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 research note on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price objective for the company. 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 company’s stock. According to data from MarketBeat.com, Compass Diversified presently has an average rating of “Buy” and a consensus target price of $29.00.

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.