Schroder Investment Management Group Sells 66,186 Shares of Compass Diversified (NYSE:CODI)

Schroder Investment Management Group lessened its stake in Compass Diversified (NYSE:CODIFree Report) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,285,725 shares of the financial services provider’s stock after selling 66,186 shares during the period. Schroder Investment Management Group owned 1.79% of Compass Diversified worth $28,865,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Compass Diversified in the 4th quarter valued at about $1,018,000. Kornitzer Capital Management Inc. KS boosted its stake in Compass Diversified by 32.0% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 185,700 shares of the financial services provider’s stock valued at $4,169,000 after acquiring an additional 45,000 shares during the last quarter. Van ECK Associates Corp grew its holdings in Compass Diversified by 24.5% during the 4th quarter. Van ECK Associates Corp now owns 5,118 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 1,008 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Compass Diversified by 21,508.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,690,210 shares of the financial services provider’s stock valued at $82,845,000 after acquiring an additional 3,673,132 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Compass Diversified by 11.1% in the 4th quarter. UBS Group AG now owns 708,786 shares of the financial services provider’s stock valued at $15,912,000 after purchasing an additional 71,075 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Stock Up 0.5 %

NYSE:CODI opened at $22.28 on Tuesday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 131.07, a PEG ratio of 1.50 and a beta of 1.74. The company has a current ratio of 4.08, a quick ratio of 1.64 and a debt-to-equity ratio of 1.43. The stock has a 50-day moving average price of $22.59 and a two-hundred day moving average price of $22.45. Compass Diversified has a 1 year low of $16.88 and a 1 year high of $25.07.

Compass Diversified (NYSE:CODIGet Free Report) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Compass Diversified had a return on equity of 11.71% and a net margin of 4.61%. The business had revenue of $524.29 million for the quarter, compared to the consensus estimate of $540.20 million. As a group, equities analysts expect that Compass Diversified will post 1.92 earnings per share for the current year.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Wednesday, April 17th. Compass Diversified’s payout ratio is presently 588.27%.

Insiders Place Their Bets

In other news, insider Larry L. Enterline purchased 8,212 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $22.41 per share, for a total transaction of $184,030.92. Following the completion of the acquisition, the insider now directly owns 32,886 shares in the company, valued at approximately $736,975.26. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research note on Thursday, May 2nd. Bank of America upped their price target on Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Oppenheimer lifted their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 5th.

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About Compass Diversified

(Free Report)

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.

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

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