Compass Diversified (NYSE:CODI) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its holdings in Compass Diversified (NYSE:CODI) by 4.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 817,032 shares of the financial services provider’s stock after selling 40,749 shares during the quarter. Royce & Associates LP’s holdings in Compass Diversified were worth $18,857,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Compass Diversified by 1.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider’s stock valued at $98,693,000 after buying an additional 80,402 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of Compass Diversified by 1.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock valued at $36,240,000 after buying an additional 23,104 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of Compass Diversified by 0.3% in the 4th quarter. Essex Financial Services Inc. now owns 1,305,545 shares of the financial services provider’s stock valued at $30,132,000 after buying an additional 3,371 shares during the period. FMR LLC lifted its holdings in shares of Compass Diversified by 115.0% in the 3rd quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after buying an additional 151,783 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Compass Diversified by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 227,384 shares of the financial services provider’s stock valued at $5,248,000 after buying an additional 8,155 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Stock Performance

NYSE CODI opened at $19.45 on Monday. Compass Diversified has a 1-year low of $18.88 and a 1-year high of $24.59. The company has a market capitalization of $1.46 billion, a P/E ratio of 40.52, a PEG ratio of 1.25 and a beta of 1.59. The business has a 50 day moving average price of $20.91 and a 200 day moving average price of $21.76. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62.

Compass Diversified Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s payout ratio is 208.33%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CODI shares. B. Riley raised Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. TD Cowen started coverage on Compass Diversified in a research note on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th.

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.