Compass Diversified (NYSE:CODI) Sets New 1-Year Low - Here's Why

Compass Diversified (NYSE:CODI - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $19.52 and last traded at $19.81, with a volume of 12168 shares trading hands. The stock had previously closed at $19.86.

Analyst Ratings Changes

A number of analysts recently weighed in on CODI shares. B. Riley upgraded 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. Finally, TD Cowen started coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They issued a "buy" rating and a $34.00 price target on the stock.

Compass Diversified Stock Down 2.8 %

The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 1.25 and a beta of 1.59. The firm's fifty day simple moving average is $21.19 and its 200 day simple moving average is $21.83.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 5.18%. Compass Diversified's dividend payout ratio (DPR) is currently 208.33%.

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Institutional Trading of Compass Diversified

Hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI raised its holdings in Compass Diversified by 11.5% during the 3rd quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider's stock worth $4,876,000 after buying an additional 22,792 shares during the period. Barclays PLC raised its holdings in shares of Compass Diversified by 296.3% in the third quarter. Barclays PLC now owns 105,774 shares of the financial services provider's stock valued at $2,341,000 after purchasing an additional 79,086 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Compass Diversified by 22.3% in the fourth quarter. D.A. Davidson & CO. now owns 95,749 shares of the financial services provider's stock valued at $2,210,000 after purchasing an additional 17,453 shares during the last quarter. Magnolia Private Wealth LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at approximately $515,000. Finally, Swedbank AB raised its holdings in shares of Compass Diversified by 46.5% in the fourth quarter. Swedbank AB now owns 218,900 shares of the financial services provider's stock valued at $5,052,000 after purchasing an additional 69,525 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Company 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.