Compass Diversified (NYSE:CODI - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $18.32 and last traded at $18.77, with a volume of 355177 shares. The stock had previously closed at $18.52.
Wall Street Analyst Weigh In
CODI has been the topic of a number of analyst reports. B. Riley raised Compass Diversified to a "strong-buy" rating in a report on Tuesday, January 7th. William Blair reissued an "outperform" rating on shares of Compass Diversified in a research report on Friday, February 28th.
Get Our Latest Report on Compass Diversified
Compass Diversified Stock Performance
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's 50-day simple moving average is $20.22 and its two-hundred day simple moving average is $21.56. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55.
Compass Diversified Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 5.91%. Compass Diversified's payout ratio is -78.13%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Promus Capital LLC bought a new stake in Compass Diversified in the 4th quarter valued at $30,000. Millstone Evans Group LLC acquired a new stake in Compass Diversified during the fourth quarter valued at approximately $32,000. BankPlus Trust Department acquired a new stake in Compass Diversified in the 4th quarter valued at $43,000. Sterling Capital Management LLC raised its stake in Compass Diversified by 827.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock worth $49,000 after acquiring an additional 1,903 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Compass Diversified by 46.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider's stock valued at $71,000 after acquiring an additional 976 shares during the period. 72.73% of the stock is owned by institutional investors.
About Compass Diversified
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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.
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