Swedbank AB Boosts Stock Position in Compass Diversified (NYSE:CODI)

Swedbank AB increased its holdings in Compass Diversified (NYSE:CODI - Free Report) by 46.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 218,900 shares of the financial services provider's stock after buying an additional 69,525 shares during the period. Swedbank AB owned 0.29% of Compass Diversified worth $5,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Compass Diversified by 273.6% in the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider's stock worth $49,000 after buying an additional 1,625 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Compass Diversified by 190.3% during the third quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 2,000 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 valued at $74,000 after purchasing an additional 729 shares in the last quarter. Quest Partners LLC raised its stake in shares of Compass Diversified by 245.7% in the third quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider's stock valued at $165,000 after acquiring an additional 5,288 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Compass Diversified in the third quarter valued at $173,000. 72.73% of the stock is owned by institutional investors.

Insider Activity at Compass Diversified

In other news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $23.05, for a total value of $3,118,065.70. Following the completion of the transaction, the insider now owns 7,456,197 shares in the company, valued at $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.76% of the stock is currently owned by insiders.

Compass Diversified Stock Up 1.2 %

Shares of CODI traded up $0.25 during mid-day trading on Wednesday, hitting $20.85. 143,281 shares of the company's stock were exchanged, compared to its average volume of 190,503. Compass Diversified has a twelve month low of $19.76 and a twelve month high of $25.07. The firm has a fifty day moving average of $22.54 and a two-hundred day moving average of $22.02. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 43.43, a P/E/G ratio of 1.26 and a beta of 1.64.

Compass Diversified Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.80%. The ex-dividend date was Thursday, January 16th. Compass Diversified's dividend payout ratio is currently 208.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CODI shares. TD Cowen started coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They issued a "buy" rating and a $34.00 target price for the company. B. Riley upgraded shares of Compass Diversified to a "strong-buy" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Compass Diversified presently has a consensus rating of "Buy" and a consensus target price of $29.00.

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.