Compass Diversified (NYSE:CODI) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its position in Compass Diversified (NYSE:CODI) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,600 shares of the financial services provider’s stock after selling 500 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Compass Diversified were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CODI. Farther Finance Advisors LLC increased its position in shares of 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 during the period. Nisa Investment Advisors LLC increased its position 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 acquiring an additional 2,000 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position 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 purchasing an additional 729 shares during the period. Quest Partners LLC grew its position in Compass Diversified by 245.7% during the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 5,288 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Compass Diversified during the 3rd quarter worth about $173,000. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Price Performance

NYSE:CODI opened at $20.99 on Monday. Compass Diversified has a 52 week low of $19.76 and a 52 week high of $25.07. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $1.59 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64. The stock’s 50-day moving average price is $22.10 and its 200-day moving average price is $21.87.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. 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 (DPR) is presently 208.33%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Cowen assumed coverage on Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price target on the stock. B. Riley raised 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $29.00.

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.