Dynamic Technology Lab Private Ltd Has $513,000 Stock Position in Compass Diversified (NYSE:CODI)

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Compass Diversified (NYSE:CODI) by 59.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,214 shares of the financial services provider’s stock after acquiring an additional 8,244 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Compass Diversified were worth $513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CODI. SPC Financial Inc. increased its stake in shares of Compass Diversified by 2.9% in the fourth quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 500 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Compass Diversified by 5.1% in the third quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 572 shares in the last quarter. Principle Wealth Partners LLC increased its position in Compass Diversified by 6.5% in the 4th quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 645 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Compass Diversified by 29.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 729 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Compass Diversified by 4.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,767 shares of the financial services provider’s stock valued at $525,000 after buying an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Performance

CODI opened at $15.98 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The company has a market cap of $1.20 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. The stock has a 50-day moving average of $19.82 and a 200-day moving average of $21.42. Compass Diversified has a 52-week low of $15.65 and a 52-week high of $24.59.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 6.26%. Compass Diversified’s payout ratio is currently -78.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th.

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.