Raymond James Financial Inc. Purchases Shares of 184,143 Compass Diversified (NYSE:CODI)

Raymond James Financial Inc. bought a new stake in shares of Compass Diversified (NYSE:CODI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 184,143 shares of the financial services provider's stock, valued at approximately $4,250,000. Raymond James Financial Inc. owned about 0.24% of Compass Diversified at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its position in Compass Diversified by 115.0% during the third 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 during the period. Swedbank AB purchased a new stake in shares of Compass Diversified in the 3rd quarter worth $3,306,000. Allspring Global Investments Holdings LLC increased its stake in shares of Compass Diversified by 1.9% in 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 purchasing an additional 80,402 shares in the last quarter. Barclays PLC raised its holdings in Compass Diversified by 296.3% in the 3rd quarter. Barclays PLC now owns 105,774 shares of the financial services provider's stock worth $2,341,000 after purchasing an additional 79,086 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in Compass Diversified by 1.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider's stock valued at $36,240,000 after purchasing an additional 23,104 shares in the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Price Performance

NYSE:CODI traded down $0.28 on Friday, reaching $18.82. 266,778 shares of the company's stock traded hands, compared to its average volume of 212,856. The stock has a 50-day simple moving average of $20.46 and a 200-day simple moving average of $21.64. Compass Diversified has a 12 month low of $18.56 and a 12 month high of $24.59. The firm has a market cap of $1.42 billion, a PE ratio of 39.20, a P/E/G ratio of 1.25 and a beta of 1.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51.

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified's payout ratio is currently -78.13%.

Analyst Ratings Changes

Several research analysts have recently commented on CODI shares. B. Riley raised 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 note on Friday, February 28th.

Compass Diversified 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.