Compass Diversified (NYSE:CODI) Shares Up 4.9% - Time to Buy?

Compass Diversified (NYSE:CODI - Get Free Report) shares traded up 4.9% during mid-day trading on Friday . The company traded as high as $20.65 and last traded at $21.10. 40,538 shares were traded during trading, a decline of 79% from the average session volume of 189,092 shares. The stock had previously closed at $20.12.

Analyst Ratings Changes

A number of research firms have recently weighed in on CODI. TD Cowen began coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a "buy" rating and a $34.00 price target for the company. William Blair reissued 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $29.00.

Compass Diversified Stock Down 4.1 %

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 has a market capitalization of $1.54 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 1.25 and a beta of 1.59. The stock's fifty day simple moving average is $21.46 and its two-hundred day simple moving average is $21.87.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Thursday, January 16th. Compass Diversified's dividend payout ratio is presently 208.33%.

Institutional Trading of Compass Diversified

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in shares of Compass Diversified by 11.5% in the 3rd quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider's stock valued at $4,876,000 after purchasing an additional 22,792 shares during the period. Barclays PLC increased its holdings in shares of Compass Diversified by 296.3% in the 3rd quarter. Barclays PLC now owns 105,774 shares of the financial services provider's stock valued at $2,341,000 after purchasing an additional 79,086 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Compass Diversified by 22.3% in the 4th quarter. D.A. Davidson & CO. now owns 95,749 shares of the financial services provider's stock valued at $2,210,000 after purchasing an additional 17,453 shares during the period. Magnolia Private Wealth LLC acquired a new position in Compass Diversified in the fourth quarter worth approximately $515,000. Finally, Swedbank AB increased its holdings in Compass Diversified by 46.5% in the fourth quarter. Swedbank AB now owns 218,900 shares of the financial services provider's stock worth $5,052,000 after buying an additional 69,525 shares during the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

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.