Compass Diversified (NYSE:CODI) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of Compass Diversified (NYSE:CODI) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 647,387 shares of the financial services provider’s stock after selling 18,012 shares during the quarter. Blair William & Co. IL’s holdings in Compass Diversified were worth $14,942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Promus Capital LLC acquired a new position in Compass Diversified in the 4th quarter valued at about $30,000. Millstone Evans Group LLC purchased a new stake in Compass Diversified during the 4th quarter worth approximately $32,000. BankPlus Trust Department purchased a new stake in Compass Diversified during the 4th quarter worth approximately $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 buying an additional 729 shares in the last quarter. Finally, Quest Partners LLC grew its stake in shares of Compass Diversified by 245.7% in the third quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 5,288 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Compass Diversified Stock Down 1.4 %

Shares of NYSE CODI opened at $18.82 on Friday. Compass Diversified has a 1 year low of $18.56 and a 1 year high of $24.59. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The business has a 50-day moving average of $20.46 and a two-hundred day moving average of $21.62.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is 208.33%.

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.