BankPlus Trust Department Makes New Investment in Compass Diversified (NYSE:CODI)

BankPlus Trust Department acquired a new position in shares of Compass Diversified (NYSE:CODI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,869 shares of the financial services provider’s stock, valued at approximately $43,000.

Other hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. increased its position in Compass Diversified by 5.1% during the third quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 572 shares during the last quarter. Principle Wealth Partners LLC raised its holdings in Compass Diversified by 6.5% in the fourth quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 645 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 in the last quarter. Verdence Capital Advisors LLC raised its holdings in Compass Diversified by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 15,830 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 755 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Compass Diversified by 1.1% during the third quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider’s stock worth $1,733,000 after purchasing an additional 817 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Up 0.4 %

Shares of NYSE:CODI opened at $20.72 on Wednesday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 43.16, a PEG ratio of 1.25 and a beta of 1.64. Compass Diversified has a 1 year low of $19.76 and a 1 year high of $25.07. The stock has a 50-day simple moving average of $21.68 and a 200-day simple moving average of $21.87. 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 Announces Dividend

The firm also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is currently 208.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CODI. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. 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 target price on the stock. One investment 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $29.00.

Compass Diversified Company 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.