Frank Rimerman Advisors LLC Takes $231,000 Position in Compass Diversified (NYSE:CODI)

Frank Rimerman Advisors LLC bought a new position in shares of Compass Diversified (NYSE:CODI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the financial services provider’s stock, valued at approximately $231,000.

Several other large investors have also added to or reduced their stakes in CODI. Promus Capital LLC acquired a new stake in Compass Diversified during the fourth quarter worth approximately $30,000. BankPlus Trust Department acquired a new stake in Compass Diversified in the fourth quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Compass Diversified by 29.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 729 shares during the period. Quest Partners LLC grew its stake in Compass Diversified by 245.7% in the third quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 5,288 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Compass Diversified in the third quarter valued at approximately $173,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Stock Up 1.0 %

CODI stock opened at $19.64 on Tuesday. Compass Diversified has a twelve month low of $18.88 and a twelve month high of $24.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $20.85 and its 200-day moving average is $21.74. The firm has a market capitalization of $1.48 billion, a PE ratio of 40.92, a P/E/G ratio of 1.25 and a beta of 1.59.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.09%. Compass Diversified’s dividend payout ratio is presently 208.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CODI shares. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. TD Cowen started coverage on Compass Diversified in a research note on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, B. Riley raised Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th.

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.