Compass Diversified (NYSE:CODI) Shares Acquired by Essex Financial Services Inc.

Essex Financial Services Inc. lifted its stake in Compass Diversified (NYSE:CODI) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,305,545 shares of the financial services provider’s stock after purchasing an additional 3,371 shares during the quarter. Compass Diversified comprises 2.1% of Essex Financial Services Inc.’s investment portfolio, making the stock its 5th largest position. Essex Financial Services Inc.’s holdings in Compass Diversified were worth $30,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rockefeller Capital Management L.P. grew its holdings in Compass Diversified by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 572 shares during the period. Principle Wealth Partners LLC grew its holdings in Compass Diversified by 6.5% during the 4th quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 645 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Compass Diversified by 29.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 729 shares during the period. Truist Financial Corp grew its holdings in Compass Diversified by 1.6% during the 2nd quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 748 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in Compass Diversified by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 15,830 shares of the financial services provider’s stock worth $350,000 after acquiring an additional 755 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

Analyst Ratings Changes

CODI has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price target on the stock. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $29.00.

Compass Diversified Stock Up 1.7 %

Compass Diversified stock opened at $20.85 on Tuesday. The firm has a market capitalization of $1.58 billion, a PE ratio of 43.44, a P/E/G ratio of 1.24 and a beta of 1.64. The company’s 50-day moving average is $22.37 and its 200-day moving average is $21.96. Compass Diversified has a fifty-two week low of $19.76 and a fifty-two week high of $25.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62.

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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 4.80%. Compass Diversified’s dividend payout ratio is presently 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.