Compass Diversified (NYSE:CODI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Compass Diversified (NYSE:CODI - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,517 shares of the financial services provider's stock after selling 114,230 shares during the period. Charles Schwab Investment Management Inc. owned 0.37% of Compass Diversified worth $6,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CODI. Victory Capital Management Inc. purchased a new stake in shares of Compass Diversified during the 3rd quarter valued at about $232,000. Quest Partners LLC boosted its stake in Compass Diversified by 245.7% in 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. Intech Investment Management LLC bought a new stake in Compass Diversified in the 3rd quarter valued at $219,000. Swedbank AB purchased a new stake in shares of Compass Diversified in the third quarter worth about $3,306,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Compass Diversified during the 3rd quarter valued at approximately $309,000. Hedge funds and other institutional investors own 72.73% of the company's stock.

Compass Diversified Trading Down 1.4 %

Shares of CODI stock traded down $0.28 on Friday, hitting $18.82. The stock had a trading volume of 266,778 shares, compared to its average volume of 213,119. The firm has a market capitalization of $1.42 billion, a P/E ratio of 39.20, a P/E/G 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 company's 50 day moving average price is $20.52 and its 200-day moving average price is $21.63. Compass Diversified has a 1 year low of $18.56 and a 1 year high of $24.59.

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Compass Diversified Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 5.31%. Compass Diversified's payout ratio is currently 208.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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 research note on Tuesday, January 7th.

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.