Compass Diversified (NYSE:CODI) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Compass Diversified (NYSE:CODI - Free Report) by 21,508.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,690,210 shares of the financial services provider's stock after buying an additional 3,673,132 shares during the period. Allspring Global Investments Holdings LLC owned about 5.14% of Compass Diversified worth $82,845,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Money Concepts Capital Corp increased its holdings in Compass Diversified by 352.9% during the fourth quarter. Money Concepts Capital Corp now owns 1,508 shares of the financial services provider's stock worth $27,000 after buying an additional 1,175 shares during the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of Compass Diversified during the 3rd quarter worth about $29,000. Tower Research Capital LLC TRC raised its holdings in shares of Compass Diversified by 216.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 1,548 shares during the period. NBC Securities Inc. acquired a new stake in Compass Diversified in the 3rd quarter valued at about $48,000. Finally, Quantbot Technologies LP acquired a new stake in Compass Diversified in the 2nd quarter valued at about $55,000. Institutional investors own 72.73% of the company's stock.

Compass Diversified Stock Performance

Shares of NYSE:CODI traded down $0.29 during trading on Wednesday, reaching $23.71. 429,069 shares of the stock were exchanged, compared to its average volume of 209,143. Compass Diversified has a 12 month low of $16.88 and a 12 month high of $25.07. The stock has a 50-day moving average price of $23.22 and a 200-day moving average price of $21.27. The company has a current ratio of 5.13, a quick ratio of 2.76 and a debt-to-equity ratio of 1.37. The firm has a market cap of $1.78 billion, a PE ratio of 10.26 and a beta of 1.72.

Compass Diversified (NYSE:CODI - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). The firm had revenue of $566.99 million during the quarter, compared to the consensus estimate of $581.07 million. Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. Research analysts expect that Compass Diversified will post 1.92 EPS for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Wednesday, April 17th. Compass Diversified's dividend payout ratio is 43.29%.

Insiders Place Their Bets

In other Compass Diversified news, insider James Bottiglieri acquired 5,123 shares of the business's stock in a transaction on Thursday, January 18th. The stock was purchased at an average price of $21.40 per share, with a total value of $109,632.20. Following the acquisition, the insider now directly owns 88,217 shares of the company's stock, valued at approximately $1,887,843.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Elias Sabo acquired 30,000 shares of the stock in a transaction on Friday, January 26th. The shares were purchased at an average price of $22.95 per share, for a total transaction of $688,500.00. Following the purchase, the insider now directly owns 675,549 shares in the company, valued at $15,503,849.55. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James Bottiglieri acquired 5,123 shares of the company's stock in a transaction on Thursday, January 18th. The stock was bought at an average cost of $21.40 per share, with a total value of $109,632.20. Following the completion of the acquisition, the insider now directly owns 88,217 shares in the company, valued at $1,887,843.80. The disclosure for this purchase can be found here. Insiders acquired 75,123 shares of company stock worth $1,684,632 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CODI has been the topic of several research analyst reports. Oppenheimer upped their price objective on Compass Diversified from $21.00 to $23.00 and gave the company a "market perform" rating in a research note on Tuesday, March 5th. Bank of America increased their price target on Compass Diversified from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Finally, William Blair reaffirmed an "outperform" rating on shares of Compass Diversified in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.50.

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.