Compass Diversified (NYSE:CODI) Trading Up 4.9% – Still a Buy?

Compass Diversified (NYSE:CODI)’s share price rose 4.9% on Friday . The company traded as high as $20.65 and last traded at $21.10. Approximately 40,538 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 189,092 shares. The stock had previously closed at $20.12.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CODI shares. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a report on Friday. TD Cowen began coverage on Compass Diversified in a report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 target price for the company. Finally, B. Riley raised Compass Diversified to a “strong-buy” rating in a research note 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $29.00.

Compass Diversified Trading Up 8.8 %

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 company has a market cap of $1.66 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.64. The business’s fifty day moving average price is $21.55 and its 200 day moving average price is $21.86.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders 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 4.57%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s payout ratio is presently 208.33%.

Institutional Investors Weigh In On Compass Diversified

Institutional investors and hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI boosted its holdings in Compass Diversified by 11.5% in the third quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider’s stock valued at $4,876,000 after acquiring an additional 22,792 shares during the last quarter. Barclays PLC boosted its stake in shares of Compass Diversified by 296.3% in the 3rd quarter. Barclays PLC now owns 105,774 shares of the financial services provider’s stock valued at $2,341,000 after purchasing an additional 79,086 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Compass Diversified by 22.3% during the fourth quarter. D.A. Davidson & CO. now owns 95,749 shares of the financial services provider’s stock worth $2,210,000 after buying an additional 17,453 shares during the period. Swedbank AB raised its stake in Compass Diversified by 46.5% during the fourth quarter. Swedbank AB now owns 218,900 shares of the financial services provider’s stock worth $5,052,000 after buying an additional 69,525 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Compass Diversified by 1.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider’s stock valued at $98,693,000 after buying an additional 80,402 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

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.