Lord Abbett & CO. LLC Has $35.99 Million Position in Compass Diversified (NYSE:CODI)

Lord Abbett & CO. LLC lowered its position in Compass Diversified (NYSE:CODI - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,559,280 shares of the financial services provider's stock after selling 78,323 shares during the quarter. Lord Abbett & CO. LLC owned 2.06% of Compass Diversified worth $35,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Promus Capital LLC acquired a new position in Compass Diversified during the 4th quarter worth $30,000. Millstone Evans Group LLC bought a new stake in shares of Compass Diversified during the fourth quarter valued at approximately $32,000. BankPlus Trust Department bought a new stake in Compass Diversified during the 4th quarter valued at $43,000. Sterling Capital Management LLC lifted its holdings in Compass Diversified by 827.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock worth $49,000 after purchasing an additional 1,903 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Compass Diversified by 46.9% in 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 in the last quarter. Hedge funds and other institutional investors own 72.73% of the company's stock.

Compass Diversified Stock Down 0.1 %

Shares of NYSE CODI traded down $0.01 during trading hours on Tuesday, hitting $17.33. The stock had a trading volume of 261,543 shares, compared to its average volume of 231,789. 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 company has a market capitalization of $1.30 billion, a P/E ratio of 36.10, a P/E/G ratio of 1.25 and a beta of 1.55. Compass Diversified has a 52 week low of $15.64 and a 52 week high of $24.59. The firm's 50-day moving average price is $18.58 and its two-hundred day moving average price is $20.91.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Thursday, April 17th. Compass Diversified's dividend payout ratio is presently -78.13%.

Wall Street Analysts Forecast Growth

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

Compass Diversified 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.