Compass Diversified (NYSE:CODI) Holdings Lifted by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of Compass Diversified (NYSE:CODI) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 72,983 shares of the financial services provider’s stock after purchasing an additional 768 shares during the quarter. Raymond James & Associates’ holdings in Compass Diversified were worth $2,056,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Morgan Stanley boosted its position in Compass Diversified by 12.3% during the second quarter. Morgan Stanley now owns 757,290 shares of the financial services provider’s stock valued at $19,311,000 after purchasing an additional 83,084 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Compass Diversified during the third quarter valued at $14,010,000. Bowen Hanes & Co. Inc. acquired a new stake in Compass Diversified during the second quarter valued at $10,837,000. Bank of America Corp DE boosted its position in Compass Diversified by 10.3% during the second quarter. Bank of America Corp DE now owns 286,975 shares of the financial services provider’s stock valued at $7,318,000 after purchasing an additional 26,755 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Compass Diversified by 4.5% during the second quarter. JPMorgan Chase & Co. now owns 253,636 shares of the financial services provider’s stock valued at $6,468,000 after purchasing an additional 10,920 shares during the last quarter. Institutional investors and hedge funds own 34.72% of the company’s stock.

Shares of NYSE:CODI opened at $27.27 on Friday. Compass Diversified has a fifty-two week low of $20.35 and a fifty-two week high of $33.31. The business has a 50-day moving average of $30.38 and a two-hundred day moving average of $28.80. The stock has a market capitalization of $1.80 billion, a P/E ratio of 51.48, a P/E/G ratio of 1.28 and a beta of 1.82. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.51 and a quick ratio of 1.10.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Thursday, October 28th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Compass Diversified had a return on equity of 19.10% and a net margin of 5.27%. The company had revenue of $488.16 million during the quarter, compared to analysts’ expectations of $471.11 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, research analysts expect that Compass Diversified will post 2.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 20th. Stockholders of record on Thursday, January 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, January 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.67%. Compass Diversified’s payout ratio is presently 185.19%.

CODI has been the subject of a number of research reports. TheStreet raised Compass Diversified from a “c+” rating to a “b-” rating in a research report on Monday, October 11th. Zacks Investment Research cut Compass Diversified from a “buy” rating to a “hold” rating in a research report on Tuesday, January 4th.

Compass Diversified Profile

Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire.

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Institutional Ownership by Quarter for Compass Diversified (NYSE:CODI)

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