17,985 Shares in Compass Diversified (NYSE:CODI) Purchased by Franklin Resources Inc.

Franklin Resources Inc. bought a new stake in shares of Compass Diversified (NYSE:CODI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 17,985 shares of the financial services provider’s stock, valued at approximately $415,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in shares of Compass Diversified during the fourth quarter valued at $30,000. Millstone Evans Group LLC purchased a new position in Compass Diversified in the 4th quarter valued at about $32,000. BankPlus Trust Department acquired a new stake in shares of Compass Diversified during the 4th quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Compass Diversified by 29.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock worth $74,000 after buying an additional 729 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Compass Diversified by 219.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,194 shares of the financial services provider’s stock valued at $97,000 after buying an additional 2,882 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Stock Down 1.3 %

Shares of CODI opened at $16.51 on Friday. Compass Diversified has a fifty-two week low of $15.64 and a fifty-two week high of $24.59. The company’s fifty day moving average is $19.17 and its two-hundred day moving average is $21.14. The firm has a market cap of $1.24 billion, a PE ratio of 34.40, a price-to-earnings-growth 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 6.06%. Compass Diversified’s dividend payout ratio is presently -78.13%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CODI shares. William Blair restated an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. B. Riley upgraded Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th.

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.