Apollon Wealth Management LLC Has $1.10 Million Stake in Compass Diversified (NYSE:CODI)

Apollon Wealth Management LLC grew its holdings in Compass Diversified (NYSE:CODI) by 40.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,449 shares of the financial services provider’s stock after buying an additional 13,785 shares during the period. Apollon Wealth Management LLC owned 0.06% of Compass Diversified worth $1,095,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CODI. Farther Finance Advisors LLC raised its holdings in Compass Diversified by 273.6% in the 3rd 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Compass Diversified by 190.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,000 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Compass Diversified by 29.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 729 shares during the last quarter. Quest Partners LLC increased its stake in shares of Compass Diversified by 245.7% in the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 5,288 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Compass Diversified during the 3rd quarter worth $173,000. 72.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CODI. TD Cowen began coverage on Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price objective on the stock. B. Riley upgraded Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $29.00.

Compass Diversified Stock Up 0.5 %

Shares of CODI opened at $20.95 on Wednesday. The company has a market capitalization of $1.58 billion, a PE ratio of 43.64, a PEG ratio of 1.24 and a beta of 1.64. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07. The stock’s 50-day moving average price is $22.31 and its two-hundred day moving average price is $21.94. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s dividend payout ratio is 208.33%.

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.