CreativeOne Wealth LLC Acquires New Shares in Compass Diversified (NYSE:CODI)

CreativeOne Wealth LLC bought a new stake in Compass Diversified (NYSE:CODI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,340 shares of the financial services provider's stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC increased its position in shares of Compass Diversified by 23.7% during the 4th quarter. Barclays PLC now owns 130,871 shares of the financial services provider's stock worth $3,020,000 after purchasing an additional 25,097 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Compass Diversified by 827.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock valued at $49,000 after buying an additional 1,903 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Compass Diversified during the fourth quarter worth $4,250,000. Invesco Ltd. increased its stake in shares of Compass Diversified by 3.1% during the 4th quarter. Invesco Ltd. now owns 242,812 shares of the financial services provider's stock worth $5,604,000 after purchasing an additional 7,207 shares during the last quarter. Finally, Polymer Capital Management US LLC acquired a new position in Compass Diversified during the fourth quarter worth approximately $241,000. Institutional investors own 72.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CODI. William Blair reaffirmed an "outperform" rating on shares of Compass Diversified in a research report on Friday, February 28th. B. Riley raised Compass Diversified to a "strong-buy" rating in a research report on Tuesday, January 7th.

Compass Diversified Stock Performance

NYSE:CODI traded up $0.36 during mid-day trading on Thursday, reaching $17.10. 321,319 shares of the company's stock were exchanged, compared to its average volume of 231,406. The firm has a market capitalization of $1.29 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. Compass Diversified has a one year low of $15.64 and a one year high of $24.59. 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 business's fifty day simple moving average is $18.81 and its two-hundred day simple moving average is $20.99.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Thursday, April 17th. Compass Diversified's dividend payout ratio (DPR) is currently -78.13%.

About Compass Diversified

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.