Vanguard Group Inc. Sells 36,722 Shares of Compass Diversified (NYSE:CODI)

Vanguard Group Inc. lessened its stake in shares of Compass Diversified (NYSE:CODI - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,385,487 shares of the financial services provider's stock after selling 36,722 shares during the quarter. Vanguard Group Inc. owned about 7.12% of Compass Diversified worth $124,297,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CODI. Promus Capital LLC bought a new position in shares of Compass Diversified in the fourth quarter valued at approximately $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 shares of Compass Diversified during the fourth quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Compass Diversified by 29.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 729 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new position in Compass Diversified in the third quarter worth $201,000. 72.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Compass Diversified Price Performance

Shares of NYSE:CODI traded up $0.15 on Friday, hitting $16.54. The stock had a trading volume of 265,897 shares, compared to its average volume of 226,999. 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 $1.24 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. Compass Diversified has a twelve month low of $15.64 and a twelve month high of $24.59. The firm's 50 day moving average price is $19.49 and its 200-day moving average price is $21.28.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a 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.