GW&K Investment Management LLC Sells 3,108 Shares of Compass Diversified (NYSE:CODI)

GW&K Investment Management LLC trimmed its holdings in Compass Diversified (NYSE:CODIGet Rating) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,401 shares of the financial services provider’s stock after selling 3,108 shares during the quarter. GW&K Investment Management LLC owned about 1.03% of Compass Diversified worth $20,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Gamco Investors INC. ET AL increased its stake in shares of Compass Diversified by 16.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 72,110 shares of the financial services provider’s stock worth $2,205,000 after acquiring an additional 10,100 shares in the last quarter. Renaissance Technologies LLC increased its stake in Compass Diversified by 177.3% during the 4th quarter. Renaissance Technologies LLC now owns 277,883 shares of the financial services provider’s stock valued at $8,498,000 after purchasing an additional 177,683 shares in the last quarter. Equitable Holdings Inc. increased its stake in Compass Diversified by 9.1% during the 4th quarter. Equitable Holdings Inc. now owns 24,000 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 2,000 shares in the last quarter. Private Advisor Group LLC increased its stake in Compass Diversified by 9.0% during the 4th quarter. Private Advisor Group LLC now owns 130,729 shares of the financial services provider’s stock valued at $3,998,000 after purchasing an additional 10,809 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in Compass Diversified by 4.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 37,930 shares of the financial services provider’s stock valued at $1,160,000 after purchasing an additional 1,675 shares in the last quarter. Institutional investors own 38.53% of the company’s stock.

Shares of CODI traded down $0.27 on Friday, reaching $21.70. The company’s stock had a trading volume of 285,823 shares, compared to its average volume of 335,674. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.23 and a quick ratio of 1.52. The stock has a market capitalization of $1.52 billion, a P/E ratio of 33.39, a PEG ratio of 1.50 and a beta of 1.79. The stock’s 50 day simple moving average is $22.97 and its two-hundred day simple moving average is $26.11. Compass Diversified has a 12-month low of $20.30 and a 12-month high of $33.31.

Compass Diversified (NYSE:CODIGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The business had revenue of $510.51 million during the quarter, compared to analysts’ expectations of $481.25 million. Compass Diversified had a return on equity of 17.86% and a net margin of 5.90%. Analysts expect that Compass Diversified will post 1.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 28th. Investors of record on Thursday, April 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Wednesday, April 20th. Compass Diversified’s payout ratio is 153.85%.

In other Compass Diversified news, insider Patrick A. Maciariello acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The shares were bought at an average price of $23.29 per share, with a total value of $139,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

A number of analysts have weighed in on CODI shares. Zacks Investment Research upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a research note on Wednesday, May 11th. TheStreet lowered shares of Compass Diversified from a “b-” rating to a “c+” rating in a research note on Wednesday, March 23rd. B. Riley assumed coverage on shares of Compass Diversified in a research note on Friday, April 8th. They issued a “buy” rating and a $33.00 price target for the company. Finally, StockNews.com assumed coverage on shares of Compass Diversified in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

About Compass Diversified (Get Rating)

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, safety & security, electronic components, food, foodservice.

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Institutional Ownership by Quarter for Compass Diversified (NYSE:CODI)

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