Truist Financial Corp increases stake in Compass Diversified (NYSE:CODI)

Truist Financial Corp increased its stake in Compass Diversified (NYSE:CODI – Get Rating) by 1.0% in Q1, Holdings Channel reports. The institutional investor held 44,989 shares of the financial services provider after purchasing an additional 461 shares during the period. Truist Financial Corp’s holdings in Compass Diversified were worth $1,069,000 at the end of the last quarter.

Other large investors have also recently increased or reduced their stake in the company. Lazard Asset Management LLC acquired a new stake in Compass Diversified in Q4 worth $30,000. HM Payson & Co. bought a new stake in Compass Diversified in Q4 worth $53,000. Bessemer Group Inc. acquired a new stake in Compass Diversified in Q4 valued at $61,000. JW Cole Advisors Inc. acquired a new stake in Compass Diversified in Q4 valued at $206,000. Finally, Quad Cities Investment Group LLC acquired a new stake in Compass Diversified in the 4th quarter at a value of $214,000. 38.53% of the shares are currently held by hedge funds and other institutional investors.

Compass Diversified Equity Performance

NYSE CODI opened at $22.63 on Friday. The stock has a market capitalization of $1.59 billion, a PE ratio of 34.82 and a beta of 1.73. The company has a current ratio of 3.23, a quick ratio of 1.50 and a debt ratio of 1.29. Compass Diversified has a 12-month low of $20.30 and a 12-month high of $33.31. The stock has a fifty-day simple moving average of $22.69 and a 200-day simple moving average of $23.65.

Compass Diversified (NYSE:CODI – Get Rating) last released its results on Thursday, May 5. The financial services provider reported earnings per share (EPS) of $0.33 for the quarter, missing the consensus estimate of $0.37 per ($0.04). Compass Diversified had a return on equity of 17.86% and a net margin of 5.90%. The company posted revenue of $510.51 million for the quarter, versus analyst estimates of $481.25 million. Stock analysts expect Compass Diversified to post earnings per share of 0.79 for the current year.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 28. Investors of record on Thursday, July 21 will receive a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a yield of 4.42%. The ex-dividend date is Wednesday July 20. Compass Diversified’s payout ratio is 153.85%.

Changes to analyst ratings

A number of research companies have weighed in on CODI recently. began covering Compass Diversified in a report on Thursday, March 31. They set a “holding” rating for the company. B. Riley began coverage of Compass Diversified in a report on Friday, April 8. They set a “buy” rating and a price target of $33.00 for the company.

Compass Diversified Business Profile

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Compass Diversified is a private equity firm specializing in add-on acquisitions, buyouts, industry consolidation, recapitalization, late-stage and mid-market investments. It seeks to invest in niche industrial or consumer branded companies, manufacturing, distribution, consumer products, business services sector, safety and security, electronic components, food, catering.

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Institutional ownership by quarter for Compass Diversified (NYSE: CODI)

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