Magnolia Private Wealth LLC Invests $515,000 in Compass Diversified (NYSE:CODI)

Magnolia Private Wealth LLC acquired a new stake in Compass Diversified (NYSE:CODI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,294 shares of the financial services provider's stock, valued at approximately $515,000.

A number of other hedge funds also recently bought and sold shares of CODI. International Assets Investment Management LLC acquired a new stake in Compass Diversified in the 3rd quarter valued at about $1,058,000. Nisa Investment Advisors LLC raised its holdings in Compass Diversified by 190.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 2,000 shares during the last quarter. Hunter Associates Investment Management LLC increased its holdings in shares of 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 buying an additional 2,800 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Compass Diversified by 273.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider's stock worth $49,000 after buying an additional 1,625 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Compass Diversified by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 219,229 shares of the financial services provider's stock worth $4,852,000 after buying an additional 933 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company's stock.

Compass Diversified Trading Up 8.8 %

Shares of NYSE:CODI traded up $1.78 during mid-day trading on Friday, reaching $21.90. 429,188 shares of the company were exchanged, compared to its average volume of 199,159. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 45.62, a P/E/G ratio of 1.25 and a beta of 1.64. The firm's 50-day simple moving average is $21.55 and its 200 day simple moving average is $21.86. 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 declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 4.57%. Compass Diversified's dividend payout ratio is presently 208.33%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Cowen began coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They set a "buy" rating and a $34.00 price target for the company. William Blair reaffirmed an "outperform" rating on shares of Compass Diversified in a research report on Friday. Finally, B. Riley raised shares of Compass Diversified to a "strong-buy" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Compass Diversified presently has a consensus rating of "Buy" and an average price target 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.