Compass Diversified (NYSE:CODI) Reaches New 52-Week Low - Here's What Happened

Compass Diversified (NYSE:CODI - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The stock traded as low as $15.65 and last traded at $15.98, with a volume of 1142114 shares changing hands. The stock had previously closed at $16.48.

Analysts Set New Price Targets

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

Compass Diversified Stock Up 1.1 %

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 1.25 and a beta of 1.55. 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 firm's fifty day moving average is $19.49 and its two-hundred day moving average is $21.28.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 5.96%. Compass Diversified's payout ratio is -78.13%.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CODI. E. Ohman J or Asset Management AB boosted its stake in Compass Diversified by 59.1% during the first quarter. E. Ohman J or Asset Management AB now owns 129,152 shares of the financial services provider's stock valued at $2,411,000 after buying an additional 47,982 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Compass Diversified by 35.1% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,316 shares of the financial services provider's stock valued at $81,000 after purchasing an additional 1,122 shares in the last quarter. Gilman Hill Asset Management LLC grew its stake in shares of Compass Diversified by 1.0% in the 1st quarter. Gilman Hill Asset Management LLC now owns 378,284 shares of the financial services provider's stock worth $7,063,000 after purchasing an additional 3,912 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Compass Diversified by 167,500.0% in the 1st quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider's stock worth $31,000 after purchasing an additional 1,675 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Compass Diversified by 1,332.4% during the first quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 3,491 shares during the last quarter. 72.73% of the stock is 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.