Royce & Associates LP Sells 40,749 Shares of Compass Diversified (NYSE:CODI)

Royce & Associates LP lowered its holdings in Compass Diversified (NYSE:CODI - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 817,032 shares of the financial services provider's stock after selling 40,749 shares during the quarter. Royce & Associates LP owned 1.08% of Compass Diversified worth $18,857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. National Bank of Canada FI boosted its position in Compass Diversified by 11.5% in the third quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider's stock valued at $4,876,000 after buying an additional 22,792 shares in the last quarter. Barclays PLC lifted its position 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 in the last quarter. D.A. Davidson & CO. lifted its position 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 in the last quarter. Magnolia Private Wealth LLC acquired a new position in shares of Compass Diversified during the fourth quarter worth approximately $515,000. Finally, Swedbank AB lifted its position in shares of Compass Diversified by 46.5% during the fourth quarter. Swedbank AB now owns 218,900 shares of the financial services provider's stock worth $5,052,000 after purchasing an additional 69,525 shares in the last quarter. Institutional investors own 72.73% of the company's stock.

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Compass Diversified Trading Down 1.1 %

NYSE CODI traded down $0.22 during trading hours on Thursday, hitting $19.70. The company's stock had a trading volume of 149,286 shares, compared to its average volume of 204,689. The stock has a fifty day moving average of $20.77 and a 200 day moving average of $21.71. Compass Diversified has a twelve month low of $18.88 and a twelve month high of $24.59. The firm has a market capitalization of $1.48 billion, a P/E ratio of 41.04, a PEG ratio of 1.25 and a beta of 1.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 5.08%. Compass Diversified's dividend payout ratio is currently 208.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a "buy" rating and a $34.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of Compass Diversified in a research report on Friday, February 28th. Finally, B. Riley upgraded shares of 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.