Millstone Evans Group LLC Buys Shares of 1,373 Compass Diversified (NYSE:CODI)

Millstone Evans Group LLC purchased a new stake in shares of Compass Diversified (NYSE:CODI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,373 shares of the financial services provider’s stock, valued at approximately $32,000.

A number of other large investors have also recently made changes to their positions in the stock. Intech Investment Management LLC boosted its holdings in Compass Diversified by 159.8% in the fourth quarter. Intech Investment Management LLC now owns 25,710 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 15,814 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Compass Diversified by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,866,533 shares of the financial services provider’s stock worth $43,080,000 after acquiring an additional 45,725 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in Compass Diversified during the fourth quarter valued at $231,000. Swiss National Bank lifted its holdings in Compass Diversified by 1.1% in the fourth quarter. Swiss National Bank now owns 133,900 shares of the financial services provider’s stock valued at $3,090,000 after acquiring an additional 1,400 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Compass Diversified by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,442 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 1,007 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Stock Up 2.0 %

CODI stock opened at $19.55 on Tuesday. The business’s 50-day moving average price is $20.65 and its 200-day moving average price is $21.68. The stock has a market cap of $1.47 billion, a P/E ratio of 40.73, a PEG ratio of 1.25 and a beta of 1.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. Compass Diversified has a twelve month low of $18.88 and a twelve month high of $24.59.

Compass Diversified Dividend Announcement

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 $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 5.12%. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, TD Cowen began 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.

Compass Diversified 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.