Intech Investment Management LLC Acquires 15,814 Shares of Compass Diversified (NYSE:CODI)

Intech Investment Management LLC boosted its position in shares of Compass Diversified (NYSE:CODI - Free Report) by 159.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,710 shares of the financial services provider's stock after purchasing an additional 15,814 shares during the period. Intech Investment Management LLC's holdings in Compass Diversified were worth $593,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its stake in Compass Diversified by 11.5% in 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 acquiring an additional 22,792 shares in the last quarter. Barclays PLC boosted its holdings in shares of Compass Diversified by 296.3% during the third quarter. Barclays PLC now owns 105,774 shares of the financial services provider's stock worth $2,341,000 after purchasing an additional 79,086 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Compass Diversified by 22.3% during the fourth quarter. D.A. Davidson & CO. now owns 95,749 shares of the financial services provider's stock worth $2,210,000 after purchasing an additional 17,453 shares during the period. Magnolia Private Wealth LLC acquired a new position in Compass Diversified in the 4th quarter valued at approximately $515,000. Finally, Swedbank AB lifted its position in Compass Diversified by 46.5% in the 4th quarter. Swedbank AB now owns 218,900 shares of the financial services provider's stock worth $5,052,000 after buying an additional 69,525 shares in the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Compass Diversified Stock Performance

CODI stock traded down $0.28 during trading on Friday, reaching $18.82. 266,778 shares of the stock were exchanged, compared to its average volume of 213,119. The stock has a 50 day simple moving average of $20.52 and a 200-day simple moving average of $21.63. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. Compass Diversified has a twelve month low of $18.56 and a twelve month high of $24.59. The company has a market capitalization of $1.42 billion, a P/E ratio of 39.20, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59.

Compass Diversified Announces Dividend

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

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.