Blair William & Co. IL Sells 18,012 Shares of Compass Diversified (NYSE:CODI)

Blair William & Co. IL lowered its stake in Compass Diversified (NYSE:CODI - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 647,387 shares of the financial services provider's stock after selling 18,012 shares during the quarter. Blair William & Co. IL owned approximately 0.86% of Compass Diversified worth $14,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Compass Diversified in the fourth quarter valued at $4,250,000. FMR LLC raised its position in Compass Diversified by 115.0% during the third 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. JPMorgan Chase & Co. lifted its stake in Compass Diversified by 121.2% in the 4th quarter. JPMorgan Chase & Co. now owns 204,628 shares of the financial services provider's stock worth $4,723,000 after acquiring an additional 112,111 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Compass Diversified by 1.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider's stock worth $98,693,000 after acquiring an additional 80,402 shares during the period. Finally, Barclays PLC grew its stake in Compass Diversified by 296.3% during the 3rd quarter. Barclays PLC now owns 105,774 shares of the financial services provider's stock valued at $2,341,000 after acquiring an additional 79,086 shares in the last quarter. Institutional investors and hedge funds own 72.73% of the company's stock.

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Compass Diversified Stock Up 1.1 %

Shares of CODI traded up $0.21 during midday trading on Wednesday, reaching $18.73. 139,345 shares of the stock were exchanged, compared to its average volume of 213,791. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 1.25 and a beta of 1.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. Compass Diversified has a 12-month low of $18.25 and a 12-month high of $24.59. The firm has a 50 day simple moving average of $20.35 and a 200-day simple moving average of $21.61.

Compass Diversified Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors 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 5.34%. The ex-dividend date was Thursday, January 16th. Compass Diversified's payout ratio is presently -78.13%.

Wall Street Analyst Weigh In

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

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.