Allspring Global Investments Holdings LLC Increases Stock Holdings in Compass Diversified (NYSE:CODI)

Allspring Global Investments Holdings LLC increased its stake in Compass Diversified (NYSE:CODI) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,338,161 shares of the financial services provider’s stock after acquiring an additional 80,402 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of Compass Diversified worth $98,693,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CODI. Essex Financial Services Inc. lifted its stake in Compass Diversified by 20.2% in the 3rd quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock valued at $27,372,000 after buying an additional 218,394 shares in the last quarter. FMR LLC raised its holdings in shares of Compass Diversified by 115.0% during 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 during the last quarter. Swedbank AB purchased a new position in shares of Compass Diversified in the third quarter valued at approximately $3,306,000. Barclays PLC boosted its stake in shares of Compass Diversified by 296.3% in the third quarter. Barclays PLC now owns 105,774 shares of the financial services provider’s stock worth $2,341,000 after acquiring an additional 79,086 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Compass Diversified in the third quarter worth approximately $1,058,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Price Performance

NYSE:CODI opened at $20.68 on Thursday. Compass Diversified has a one year low of $19.76 and a one year high of $25.07. The stock has a market cap of $1.56 billion, a PE ratio of 43.08, a P/E/G ratio of 1.24 and a beta of 1.64. 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 50 day moving average price of $22.26 and a 200 day moving average price of $21.92.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

Analyst Ratings Changes

A number of research analysts have weighed in on CODI shares. TD Cowen initiated coverage on Compass Diversified in a report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price objective on the stock. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $29.00.

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.