Handelsbanken Fonder AB Purchases Shares of 11,600 Compass Diversified (NYSE:CODI)

Handelsbanken Fonder AB acquired a new position in shares of Compass Diversified (NYSE:CODI) in the 4th quarter, Holdings Channel.com reports. The fund acquired 11,600 shares of the financial services provider’s stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Compass Diversified by 115.0% in the third quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after acquiring an additional 151,783 shares in the last quarter. Swedbank AB acquired a new position in Compass Diversified in the 3rd quarter valued at about $3,306,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 valued at $98,693,000 after purchasing an additional 80,402 shares in the last quarter. Barclays PLC boosted its stake in shares of Compass Diversified by 296.3% during 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 last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Compass Diversified during the third quarter worth about $1,058,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CODI shares. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Friday. TD Cowen began coverage on Compass Diversified in a research note on Wednesday, November 27th. They set a “buy” rating and a $34.00 price target on the stock. Finally, B. Riley raised Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Compass Diversified currently has a consensus rating of “Buy” and an average price target of $29.00.

Compass Diversified Price Performance

CODI opened at $21.27 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The stock has a market capitalization of $1.61 billion, a PE ratio of 44.31, a P/E/G ratio of 1.25 and a beta of 1.64. Compass Diversified has a 1 year low of $19.76 and a 1 year high of $25.07. The company’s 50 day simple moving average is $21.51 and its 200 day simple moving average is $21.88.

Compass Diversified Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.70%. Compass Diversified’s payout ratio is 208.33%.

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.