184,143 Shares in Compass Diversified (NYSE:CODI) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired 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 acquired 184,143 shares of the financial services provider's stock, valued at approximately $4,250,000. Raymond James Financial Inc. owned 0.24% of Compass Diversified at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Compass Diversified by 296.3% during 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 period. D.A. Davidson & CO. boosted its stake in 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 worth $2,210,000 after purchasing an additional 17,453 shares during the period. JPMorgan Chase & Co. grew its holdings in Compass Diversified by 121.2% during the 4th quarter. JPMorgan Chase & Co. now owns 204,628 shares of the financial services provider's stock valued at $4,723,000 after buying an additional 112,111 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Compass Diversified by 3.3% during the fourth quarter. Schroder Investment Management Group now owns 1,103,849 shares of the financial services provider's stock valued at $25,477,000 after buying an additional 35,200 shares during the last quarter. Finally, Magnolia Private Wealth LLC purchased a new position in shares of Compass Diversified in the fourth quarter worth $515,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Trading Down 0.1 %

Shares of NYSE CODI traded down $0.01 during trading hours on Tuesday, reaching $17.33. The stock had a trading volume of 261,543 shares, compared to its average volume of 231,789. The business's fifty day moving average price is $18.58 and its two-hundred day moving average price is $20.91. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 36.10, a P/E/G 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 current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51.

Compass Diversified Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Thursday, April 17th. Compass Diversified's payout ratio is -78.13%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. B. Riley upgraded Compass Diversified to a "strong-buy" rating in a research report on Tuesday, January 7th. William Blair restated an "outperform" rating on shares of Compass Diversified in a research report on Friday, February 28th.

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.