Russell Investments Group Ltd. Sells 22,304 Shares of Compass Diversified (NYSE:CODI)

Russell Investments Group Ltd. cut its position in shares of Compass Diversified (NYSE:CODI - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,953 shares of the financial services provider's stock after selling 22,304 shares during the period. Russell Investments Group Ltd. owned about 0.19% of Compass Diversified worth $3,392,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Compass Diversified in the 4th quarter valued at approximately $4,250,000. JPMorgan Chase & Co. boosted its stake in Compass Diversified by 121.2% in the 4th quarter. JPMorgan Chase & Co. now owns 204,628 shares of the financial services provider's stock valued at $4,723,000 after buying an additional 112,111 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Compass Diversified by 1.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider's stock valued at $98,693,000 after acquiring an additional 80,402 shares during the period. Barclays PLC raised its stake in 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 acquiring an additional 79,086 shares in the last quarter. Finally, SMH Capital Advisors Inc. bought a new position in shares of Compass Diversified during the fourth quarter valued at $1,823,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Compass Diversified Price Performance

CODI stock traded up $0.60 during midday trading on Tuesday, reaching $16.52. 350,122 shares of the company's stock traded hands, compared to its average volume of 230,283. The company has a 50-day simple moving average of $18.90 and a two-hundred day simple moving average of $21.02. 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 has a 1-year low of $15.64 and a 1-year high of $24.59. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 1.25 and a beta of 1.55.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.05%. Compass Diversified's dividend payout ratio (DPR) is presently -78.13%.

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.