184,143 Shares in Compass Diversified (NYSE:CODI) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Compass Diversified (NYSE:CODI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 184,143 shares of the financial services provider's stock, valued at approximately $4,250,000. Raymond James Financial Inc. owned 0.24% of Compass Diversified as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in Compass Diversified during the fourth quarter worth $30,000. Millstone Evans Group LLC purchased a new stake in shares of Compass Diversified in the 4th quarter worth about $32,000. BankPlus Trust Department acquired a new stake in Compass Diversified in the 4th quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Compass Diversified by 29.6% in the 4th 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 last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Compass Diversified by 219.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,194 shares of the financial services provider's stock valued at $97,000 after acquiring an additional 2,882 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CODI. B. Riley upgraded shares of Compass Diversified to a "strong-buy" rating in a research report on Tuesday, January 7th. William Blair reiterated an "outperform" rating on shares of Compass Diversified in a report on Friday, February 28th.

Compass Diversified Trading Up 2.5 %

Shares of CODI traded up $0.43 on Friday, hitting $17.45. 40,244 shares of the stock traded hands, compared to its average volume of 230,970. Compass Diversified has a 1 year low of $15.64 and a 1 year high of $24.59. The stock's 50 day moving average is $18.36 and its two-hundred day moving average is $20.84. The firm has a market capitalization of $1.31 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.25 and a beta of 1.55. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend was Thursday, April 17th. Compass Diversified's dividend payout ratio (DPR) is -78.13%.

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.