Compass Diversified (NYSE:CODI) Stock Holdings Boosted by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in shares of Compass Diversified (NYSE:CODI) by 44.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,444 shares of the financial services provider’s stock after acquiring an additional 17,685 shares during the period. Wedbush Securities Inc. owned approximately 0.08% of Compass Diversified worth $1,326,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Compass Diversified in the fourth quarter worth approximately $4,250,000. FMR LLC lifted its stake in shares of Compass Diversified by 115.0% in the 3rd quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after purchasing an additional 151,783 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Compass Diversified by 121.2% during the 4th quarter. JPMorgan Chase & Co. now owns 204,628 shares of the financial services provider’s stock worth $4,723,000 after acquiring an additional 112,111 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Compass Diversified by 1.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider’s stock worth $98,693,000 after purchasing an additional 80,402 shares during the period. Finally, Barclays PLC grew its stake in 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 buying an additional 79,086 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Stock Down 3.9 %

Shares of NYSE:CODI opened at $16.91 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. Compass Diversified has a 52 week low of $16.20 and a 52 week high of $24.59. The company has a 50 day moving average price of $20.13 and a two-hundred day moving average price of $21.53. The company has a market capitalization of $1.27 billion, a PE ratio of 35.23, a PEG ratio of 1.25 and a beta of 1.55.

Compass Diversified Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.