LPL Financial LLC Sells 15,587 Shares of Compass Diversified (NYSE:CODI)

LPL Financial LLC trimmed its position in Compass Diversified (NYSE:CODI - Free Report) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,914 shares of the financial services provider's stock after selling 15,587 shares during the quarter. LPL Financial LLC owned 0.12% of Compass Diversified worth $2,168,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Compass Diversified during the 4th quarter valued at approximately $302,000. Sei Investments Co. grew its stake in shares of Compass Diversified by 9.9% during the fourth quarter. Sei Investments Co. now owns 804,160 shares of the financial services provider's stock worth $18,560,000 after buying an additional 72,140 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Compass Diversified by 40.3% during the fourth quarter. Quantbot Technologies LP now owns 10,978 shares of the financial services provider's stock worth $253,000 after buying an additional 3,151 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Compass Diversified in the 4th quarter valued at $32,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Compass Diversified by 159.8% during the 4th quarter. Intech Investment Management LLC now owns 25,710 shares of the financial services provider's stock valued at $593,000 after acquiring an additional 15,814 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Trading Down 1.3 %

NYSE:CODI traded down $0.22 during trading hours on Friday, hitting $16.51. 309,183 shares of the company were exchanged, compared to its average volume of 229,070. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. Compass Diversified has a one year low of $15.64 and a one year high of $24.59. The company has a fifty day simple moving average of $19.08 and a 200 day simple moving average of $21.10. 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 Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 6.06%. Compass Diversified's payout ratio is -78.13%.

Analysts Set New Price Targets

CODI has been the subject of several research reports. B. Riley upgraded Compass Diversified to a "strong-buy" rating in a research report on Tuesday, January 7th. William Blair reiterated an "outperform" rating on shares of Compass Diversified in a report on Friday, February 28th.

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.