Compass Diversified (NYSE:CODI) Sets New 12-Month Low – Time to Sell?

Compass Diversified (NYSE:CODI)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $15.65 and last traded at $15.98, with a volume of 1142114 shares trading hands. The stock had previously closed at $16.48.

Analyst Ratings Changes

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

Compass Diversified Trading Down 3.0 %

The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The firm has a fifty day simple moving average of $19.82 and a two-hundred day simple moving average of $21.42. The firm has a market capitalization of $1.20 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55.

Compass Diversified Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.26%. The ex-dividend date is Thursday, April 17th. Compass Diversified’s dividend payout ratio (DPR) is currently -78.13%.

Institutional Investors Weigh In On Compass Diversified

Institutional investors have recently added to or reduced their stakes in the business. Promus Capital LLC bought a new stake in shares of Compass Diversified in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new position in Compass Diversified in the 4th quarter valued at approximately $32,000. BankPlus Trust Department purchased a new position in Compass Diversified in the 4th quarter valued at approximately $43,000. Sterling Capital Management LLC raised its holdings in Compass Diversified by 827.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,903 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Compass Diversified by 1,332.4% during the first quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 3,491 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Company 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.