American Century Companies Inc. Cuts Stake in Compass Diversified (NYSE:CODI)

American Century Companies Inc. trimmed its holdings in shares of Compass Diversified (NYSE:CODI - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,291,102 shares of the financial services provider's stock after selling 144,828 shares during the period. American Century Companies Inc. owned about 6.99% of Compass Diversified worth $122,119,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP boosted its stake in shares of Compass Diversified by 40.3% during the fourth quarter. Quantbot Technologies LP now owns 10,978 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 3,151 shares during the period. Millstone Evans Group LLC purchased a new stake in Compass Diversified during the 4th quarter valued at $32,000. Intech Investment Management LLC boosted its position in Compass Diversified by 159.8% during the 4th quarter. Intech Investment Management LLC now owns 25,710 shares of the financial services provider's stock valued at $593,000 after buying an additional 15,814 shares during the period. William Blair Investment Management LLC grew its holdings in Compass Diversified by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,866,533 shares of the financial services provider's stock worth $43,080,000 after acquiring an additional 45,725 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Compass Diversified in the fourth quarter valued at about $231,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

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Compass Diversified Trading Down 0.7 %

Shares of NYSE:CODI traded down $0.14 on Thursday, hitting $19.08. The company had a trading volume of 280,594 shares, compared to its average volume of 209,116. Compass Diversified has a 1 year low of $18.88 and a 1 year high of $24.59. 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 firm's 50-day simple moving average is $20.56 and its two-hundred day simple moving average is $21.65. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 39.74, a P/E/G ratio of 1.25 and a beta of 1.59.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date was Thursday, January 16th. Compass Diversified's dividend payout ratio is 208.33%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CODI. B. Riley upgraded shares of Compass Diversified to a "strong-buy" rating in a report on Tuesday, January 7th. William Blair reiterated an "outperform" rating on shares of Compass Diversified in a report on Friday, February 28th. Finally, TD Cowen began coverage on Compass Diversified in a research note on Wednesday, November 27th. They set a "buy" rating and a $34.00 target price on the stock.

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.