13,100 Shares in Compass Diversified (NYSE:CODI) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Compass Diversified (NYSE:CODI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,100 shares of the financial services provider’s stock, valued at approximately $302,000.

Several other large investors also recently bought and sold shares of CODI. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 acquiring an additional 80,402 shares during the period. William Blair Investment Management LLC grew its position in Compass Diversified by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,866,533 shares of the financial services provider’s stock worth $43,080,000 after purchasing an additional 45,725 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Compass Diversified by 1.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock valued at $36,240,000 after purchasing an additional 23,104 shares during the period. Essex Financial Services Inc. increased its stake in Compass Diversified by 0.3% in the fourth quarter. Essex Financial Services Inc. now owns 1,305,545 shares of the financial services provider’s stock valued at $30,132,000 after purchasing an additional 3,371 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Compass Diversified by 9.9% in the fourth quarter. Sei Investments Co. now owns 804,160 shares of the financial services provider’s stock valued at $18,560,000 after buying an additional 72,140 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Analyst Upgrades and Downgrades

CODI has been the topic of a number of research reports. William Blair reissued an “outperform” rating on shares of Compass Diversified in a report on Friday, February 28th. B. Riley upgraded Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th.

Compass Diversified Stock Down 3.9 %

Shares of Compass Diversified stock opened at $16.91 on Monday. Compass Diversified has a one year low of $16.20 and a one year high of $24.59. The company has a market cap of $1.27 billion, a P/E ratio of 35.23, a PEG ratio of 1.25 and a beta of 1.55. 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 firm has a fifty day moving average of $20.13 and a two-hundred day moving average of $21.53.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 5.91%. Compass Diversified’s dividend payout ratio is currently -78.13%.

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.