Compass Diversified (CODI) Stock Price Up 5.7%

Compass Diversified Holdings (NYSE:CODI) shares rose 5.7% on Monday . The company traded as high as $15.55 and last traded at $15.30. Approximately 644,885 shares traded hands during mid-day trading, an increase of 277% from the average daily volume of 170,899 shares. The stock had previously closed at $14.47.

Separately, Zacks Investment Research upgraded shares of Compass Diversified from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, October 30th.

The company has a current ratio of 2.52, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $866.75 million, a price-to-earnings ratio of 21.28 and a beta of 0.55.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Thursday, October 18th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, October 17th. This represents a $1.44 annualized dividend and a dividend yield of 9.41%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex Financial Services Inc. boosted its holdings in shares of Compass Diversified by 99,932.3% in the third quarter. Essex Financial Services Inc. now owns 657,212 shares of the financial services provider’s stock valued at $11,928,000 after acquiring an additional 656,555 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Compass Diversified by 6.2% in the third quarter. Janney Montgomery Scott LLC now owns 162,964 shares of the financial services provider’s stock valued at $2,958,000 after acquiring an additional 9,480 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Compass Diversified by 2.2% in the third quarter. Wells Fargo & Company MN now owns 251,493 shares of the financial services provider’s stock valued at $4,565,000 after acquiring an additional 5,412 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Compass Diversified by 117.9% in the third quarter. Private Advisor Group LLC now owns 24,605 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 13,315 shares in the last quarter. Finally, Kendall Capital Management boosted its holdings in shares of Compass Diversified by 52.9% in the third quarter. Kendall Capital Management now owns 20,600 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 7,125 shares in the last quarter. Hedge funds and other institutional investors own 33.36% of the company’s stock.

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Compass Diversified Company Profile (NYSE:CODI)

Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.

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