Apollon Wealth Management LLC Has $1.10 Million Stock Holdings in Compass Diversified (NYSE:CODI)

Apollon Wealth Management LLC grew its holdings in Compass Diversified (NYSE:CODI) by 40.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,449 shares of the financial services provider’s stock after purchasing an additional 13,785 shares during the quarter. Apollon Wealth Management LLC’s holdings in Compass Diversified were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Compass Diversified by 3.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock worth $94,224,000 after buying an additional 140,384 shares during the period. Lord Abbett & CO. LLC raised its stake in Compass Diversified by 1.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock worth $36,240,000 after buying an additional 23,104 shares during the period. Essex Financial Services Inc. increased its holdings in Compass Diversified by 20.2% during the 3rd quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock worth $27,372,000 after purchasing an additional 218,394 shares in the last quarter. Royce & Associates LP increased its holdings in Compass Diversified by 4.9% during the 3rd quarter. Royce & Associates LP now owns 857,781 shares of the financial services provider’s stock worth $18,983,000 after purchasing an additional 40,247 shares in the last quarter. Finally, North Star Investment Management Corp. increased its holdings in Compass Diversified by 1.5% during the 3rd quarter. North Star Investment Management Corp. now owns 354,432 shares of the financial services provider’s stock worth $7,844,000 after purchasing an additional 5,071 shares in the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CODI shares. B. Riley raised Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. TD Cowen initiated 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $29.00.

Compass Diversified Stock Performance

CODI stock opened at $20.95 on Wednesday. The firm has a market cap of $1.58 billion, a PE ratio of 43.64, a P/E/G ratio of 1.24 and a beta of 1.64. 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 business has a 50 day moving average of $22.31 and a 200-day moving average of $21.94. Compass Diversified has a 12-month low of $19.76 and a 12-month high of $25.07.

Compass Diversified Dividend Announcement

The company also recently disclosed 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 4.77%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is 208.33%.

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.