Cubist Systematic Strategies LLC Invests $582,000 in Compass Diversified (NYSE:CODI)

Cubist Systematic Strategies LLC purchased a new position in shares of Compass Diversified (NYSE:CODI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,237 shares of the financial services provider’s stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Compass Diversified by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider’s stock valued at $718,000 after buying an additional 722 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Compass Diversified by 14.9% in the fourth quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider’s stock valued at $27,779,000 after buying an additional 156,074 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Compass Diversified by 22.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 329,462 shares of the financial services provider’s stock valued at $7,604,000 after buying an additional 60,158 shares in the last quarter. Northern Trust Corp grew its stake in shares of Compass Diversified by 10.8% in the fourth quarter. Northern Trust Corp now owns 507,660 shares of the financial services provider’s stock valued at $11,717,000 after buying an additional 49,403 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Compass Diversified by 1.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,103,405 shares of the financial services provider’s stock valued at $25,467,000 after buying an additional 18,210 shares in the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Trading Down 3.1%

CODI stock opened at $7.72 on Friday. 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 company has a fifty day moving average price of $16.54 and a two-hundred day moving average price of $20.15. Compass Diversified has a one year low of $6.05 and a one year high of $24.59. The stock has a market cap of $580.82 million, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25.

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 12.95%. Compass Diversified’s dividend payout ratio (DPR) is -78.13%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. B. Riley cut shares of Compass Diversified from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $18.00 in a research note on Thursday, May 8th. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th.

About Compass Diversified

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.