Compass Diversified (NYSE:CODI) Trading 4.9% Higher – Time to Buy?

Compass Diversified (NYSE:CODI) shares shot up 4.9% during trading on Friday . The stock traded as high as $20.65 and last traded at $21.10. 40,538 shares were traded during trading, a decline of 79% from the average session volume of 189,092 shares. The stock had previously closed at $20.12.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CODI shares. William Blair restated an “outperform” rating on shares of Compass Diversified in a report on Friday. TD Cowen assumed coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock. Finally, B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $29.00.

Compass Diversified Stock Up 8.8 %

The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The stock has a market cap of $1.66 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.64. The firm has a fifty day moving average of $21.58 and a 200 day moving average of $21.85.

Compass Diversified Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.57%. Compass Diversified’s payout ratio is currently 208.33%.

Institutional Investors Weigh In On Compass Diversified

Several institutional investors have recently added to or reduced their stakes in the business. Promus Capital LLC purchased a new position in Compass Diversified in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new position in shares of Compass Diversified in the 4th quarter valued at $32,000. BankPlus Trust Department acquired a new stake in Compass Diversified during the 4th quarter worth $43,000. Farther Finance Advisors LLC lifted its position in Compass Diversified by 273.6% in the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,625 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Compass Diversified by 827.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,903 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.