Compass Diversified (NYSE:CODI) Hits New 12-Month Low - Here's Why

Compass Diversified (NYSE:CODI - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $18.69 and last traded at $18.80, with a volume of 26357 shares trading hands. The stock had previously closed at $19.09.

Wall Street Analyst Weigh In

A number of research firms have commented on CODI. William Blair restated an "outperform" rating on shares of Compass Diversified in a report on Friday, February 28th. B. Riley raised Compass Diversified to a "strong-buy" rating in a research report on Tuesday, January 7th.

Compass Diversified Stock Performance

The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 38.68, a P/E/G ratio of 1.25 and a beta of 1.59. The company's fifty day simple moving average is $20.41 and its two-hundred day simple moving average is $21.63. 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 Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 5.40%. Compass Diversified's payout ratio is -78.13%.

Hedge Funds Weigh In On Compass Diversified

Several large investors have recently bought and sold shares of CODI. SPC Financial Inc. raised its holdings in shares of Compass Diversified by 2.9% in the fourth quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider's stock valued at $406,000 after purchasing an additional 500 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Compass Diversified by 5.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider's stock valued at $260,000 after buying an additional 572 shares during the last quarter. Principle Wealth Partners LLC lifted its position in shares of Compass Diversified by 6.5% during the 4th quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider's stock worth $243,000 after buying an additional 645 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Compass Diversified by 2.4% in the 4th quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider's stock worth $718,000 after buying an additional 722 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Compass Diversified by 29.6% in 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 buying an additional 729 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

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.