Wedbush Securities Inc. Has $1.33 Million Stock Holdings in Compass Diversified (NYSE:CODI)

Wedbush Securities Inc. grew its holdings in shares of Compass Diversified (NYSE:CODI - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,444 shares of the financial services provider's stock after purchasing an additional 17,685 shares during the period. Wedbush Securities Inc. owned about 0.08% of Compass Diversified worth $1,326,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CODI. Raymond James Financial Inc. bought a new stake in Compass Diversified during the fourth quarter worth about $4,250,000. FMR LLC raised its position in shares of Compass Diversified by 115.0% in the 3rd quarter. FMR LLC now owns 283,777 shares of the financial services provider's stock valued at $6,280,000 after buying an additional 151,783 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Compass Diversified by 121.2% during the 4th quarter. JPMorgan Chase & Co. now owns 204,628 shares of the financial services provider's stock worth $4,723,000 after acquiring an additional 112,111 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Compass Diversified by 1.9% during 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 acquiring an additional 80,402 shares in the last quarter. Finally, Barclays PLC increased its stake in Compass Diversified by 296.3% in 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. 72.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CODI shares. B. Riley upgraded Compass Diversified to a "strong-buy" rating in a research note on Tuesday, January 7th. William Blair restated an "outperform" rating on shares of Compass Diversified in a research report on Friday, February 28th.

Compass Diversified Price Performance

Shares of CODI traded up $0.15 during mid-day trading on Friday, reaching $16.54. The company had a trading volume of 265,897 shares, compared to its average volume of 226,839. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 1.25 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The company's 50 day simple moving average is $19.49 and its 200 day simple moving average is $21.28. Compass Diversified has a 1-year low of $15.64 and a 1-year high of $24.59.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 6.05%. Compass Diversified's dividend payout ratio is currently -78.13%.

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.