22,294 Shares in Compass Diversified (NYSE:CODI) Acquired by Magnolia Private Wealth LLC

Magnolia Private Wealth LLC purchased a new position in Compass Diversified (NYSE:CODI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,294 shares of the financial services provider’s stock, valued at approximately $515,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CODI. FMR LLC increased its stake in Compass Diversified by 115.0% in the third quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after acquiring an additional 151,783 shares during the last quarter. Swedbank AB bought a new position in shares of Compass Diversified during the 3rd quarter valued at about $3,306,000. Allspring Global Investments Holdings LLC lifted its position in Compass Diversified by 1.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider’s stock worth $98,693,000 after buying an additional 80,402 shares during the last quarter. Barclays PLC grew its position in Compass Diversified by 296.3% during the third quarter. Barclays PLC now owns 105,774 shares of the financial services provider’s stock valued at $2,341,000 after acquiring an additional 79,086 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Compass Diversified in the 3rd quarter worth approximately $1,058,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Up 0.4 %

NYSE CODI opened at $20.72 on Wednesday. The business’s 50-day moving average is $21.68 and its 200 day moving average is $21.87. The stock has a market capitalization of $1.57 billion, a PE ratio of 43.16, a PEG ratio of 1.25 and a beta of 1.64. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. Compass Diversified has a 1 year low of $19.76 and a 1 year high of $25.07.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were issued 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 4.83%. Compass Diversified’s dividend payout ratio is presently 208.33%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CODI shares. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. TD Cowen started coverage on Compass Diversified in a report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price for the company. One equities research 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.