Legal & General Group Plc Has $13.31 Million Stock Position in Compass Diversified (NYSE:CODI)

Legal & General Group Plc decreased its stake in shares of Compass Diversified (NYSE:CODI - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 576,775 shares of the financial services provider's stock after selling 14,826 shares during the period. Legal & General Group Plc owned 0.76% of Compass Diversified worth $13,312,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Invesco Ltd. raised its position in shares of Compass Diversified by 3.1% in the fourth quarter. Invesco Ltd. now owns 242,812 shares of the financial services provider's stock valued at $5,604,000 after purchasing an additional 7,207 shares during the period. Polymer Capital Management US LLC bought a new position in Compass Diversified in the 4th quarter worth $241,000. Cerity Partners LLC acquired a new position in Compass Diversified during the 4th quarter worth $261,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Compass Diversified in the fourth quarter valued at approximately $175,000. Finally, Wedbush Securities Inc. raised its stake in shares of Compass Diversified by 44.5% in the 4th quarter. Wedbush Securities Inc. now owns 57,444 shares of the financial services provider's stock valued at $1,326,000 after buying an additional 17,685 shares in the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Trading Down 1.3 %

Shares of Compass Diversified stock traded down $0.22 on Friday, hitting $16.51. 309,183 shares of the company's stock traded hands, compared to its average volume of 229,263. Compass Diversified has a one year low of $15.64 and a one year high of $24.59. 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 stock has a market capitalization of $1.24 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. The firm's 50-day moving average price is $19.17 and its two-hundred day moving average price is $21.14.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date is Thursday, April 17th. Compass Diversified's dividend payout ratio (DPR) is currently -78.13%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CODI shares. William Blair reiterated an "outperform" rating on shares of Compass Diversified in a research report on Friday, February 28th. B. Riley raised Compass Diversified to a "strong-buy" rating in a 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.