Royce & Associates LP Reduces Stake in Compass Diversified (NYSE:CODI)

Royce & Associates LP lowered its holdings in Compass Diversified (NYSE:CODI) by 4.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 817,032 shares of the financial services provider’s stock after selling 40,749 shares during the quarter. Royce & Associates LP owned about 1.08% of Compass Diversified worth $18,857,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CODI. Promus Capital LLC purchased a new position in shares of Compass Diversified in the 4th quarter valued at about $30,000. BankPlus Trust Department acquired a new stake in shares of Compass Diversified in the 4th quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Compass Diversified by 29.6% in the 4th 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 during the period. Quest Partners LLC boosted its position in shares of Compass Diversified by 245.7% in the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 5,288 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Compass Diversified in the 3rd quarter valued at about $173,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Up 2.0 %

Compass Diversified stock opened at $19.45 on Monday. Compass Diversified has a twelve month low of $18.88 and a twelve month high of $24.59. The stock has a 50 day moving average of $20.91 and a two-hundred day moving average of $21.76. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 1.25 and a beta of 1.59.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 5.14%. Compass Diversified’s payout ratio is 208.33%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. B. Riley raised Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, TD Cowen assumed coverage on Compass Diversified in a research report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 target price for the company.

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.