JPMorgan Chase & Co. Grows Stock Holdings in Compass Diversified (NYSE:CODI)

JPMorgan Chase & Co. boosted its position in Compass Diversified (NYSE:CODI - Free Report) by 121.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,628 shares of the financial services provider's stock after buying an additional 112,111 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.27% of Compass Diversified worth $4,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Promus Capital LLC purchased a new position in shares of Compass Diversified in the 4th quarter worth about $30,000. Millstone Evans Group LLC bought a new position in Compass Diversified during the fourth quarter valued at approximately $32,000. BankPlus Trust Department bought a new position in Compass Diversified during the fourth quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Compass Diversified by 29.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider's stock worth $74,000 after acquiring an additional 729 shares in the last quarter. Finally, Bard Financial Services Inc. bought a new stake in shares of Compass Diversified in the 4th quarter worth approximately $206,000. 72.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Compass Diversified Trading Up 1.5 %

Compass Diversified stock traded up $0.25 during trading hours on Thursday, reaching $16.99. The stock had a trading volume of 70,979 shares, compared to its average volume of 230,505. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The stock has a market cap of $1.28 billion, a PE ratio of 35.25, a PEG ratio of 1.25 and a beta of 1.55. Compass Diversified has a 52 week low of $15.64 and a 52 week high of $24.59. The company has a fifty day simple moving average of $18.81 and a 200-day simple moving average of $20.99.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders 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 dividend yield of 5.89%. Compass Diversified's dividend payout ratio 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.