Apollon Wealth Management LLC Buys 13,785 Shares of Compass Diversified (NYSE:CODI)

Apollon Wealth Management LLC grew its position in shares of Compass Diversified (NYSE:CODI - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,449 shares of the financial services provider's stock after purchasing an additional 13,785 shares during the period. Apollon Wealth Management LLC owned about 0.06% of Compass Diversified worth $1,095,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CODI. Farther Finance Advisors LLC lifted its stake in shares of Compass Diversified by 273.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 1,625 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of 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. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Compass Diversified by 29.6% during 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 purchasing an additional 729 shares during the period. Quest Partners LLC increased its holdings in Compass Diversified by 245.7% during the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider's stock valued at $165,000 after purchasing an additional 5,288 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Compass Diversified during the 3rd quarter valued at about $173,000. Institutional investors own 72.73% of the company's stock.

Compass Diversified Stock Up 1.0 %

CODI stock traded up $0.21 during midday trading on Friday, hitting $20.99. The company's stock had a trading volume of 102,526 shares, compared to its average volume of 190,624. The firm's 50-day moving average is $22.10 and its 200-day moving average is $21.89. The company has a market cap of $1.59 billion, a PE ratio of 43.72, a P/E/G ratio of 1.24 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 4.77%. Compass Diversified's payout ratio is 208.33%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CODI. TD Cowen began coverage on Compass Diversified in a report on Wednesday, November 27th. They set a "buy" rating and a $34.00 price target on the stock. B. Riley upgraded Compass Diversified to a "strong-buy" rating in a report on Tuesday, January 7th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $29.00.

Compass Diversified 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.