Allspring Global Investments Holdings LLC Boosts Holdings in Compass Diversified (NYSE:CODI)

Allspring Global Investments Holdings LLC raised its position in shares of Compass Diversified (NYSE:CODI - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,338,161 shares of the financial services provider's stock after buying an additional 80,402 shares during the period. Allspring Global Investments Holdings LLC owned about 5.73% of Compass Diversified worth $98,693,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CODI. Farther Finance Advisors LLC raised its holdings in 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 worth $49,000 after purchasing an additional 1,625 shares in the last quarter. 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 worth $68,000 after purchasing an additional 2,000 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in 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 worth $74,000 after purchasing an additional 729 shares in the last quarter. Quest Partners LLC raised its holdings in Compass Diversified by 245.7% in the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider's stock worth $165,000 after purchasing an additional 5,288 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Compass Diversified in the 3rd quarter worth $173,000. Hedge funds and other institutional investors own 72.73% of the company's stock.

Compass Diversified Stock Performance

Shares of NYSE CODI traded up $0.21 during trading on Friday, reaching $20.99. 102,526 shares of the company traded hands, compared to its average volume of 190,624. The firm has a 50 day simple moving average of $22.10 and a 200-day simple moving average of $21.87. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $1.59 billion, a PE ratio of 43.72, a P/E/G ratio of 1.24 and a beta of 1.64. Compass Diversified has a 52-week low of $19.76 and a 52-week high of $25.07.

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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified's payout ratio is presently 208.33%.

Analysts Set New Price Targets

CODI has been the subject of several research reports. B. Riley upgraded shares of Compass Diversified to a "strong-buy" rating in a report on Tuesday, January 7th. TD Cowen initiated coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They issued a "buy" rating and a $34.00 price target for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Compass Diversified currently has an average rating of "Buy" and a consensus 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.