Rhumbline Advisers Has $2.29 Million Stock Position in Compass Diversified (NYSE:CODI)

Rhumbline Advisers reduced its holdings in Compass Diversified (NYSE:CODI) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 99,298 shares of the financial services provider’s stock after selling 891 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of Compass Diversified worth $2,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CODI. Farther Finance Advisors LLC increased its position in Compass Diversified by 273.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,625 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Compass Diversified by 190.3% during the third quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock worth $68,000 after buying an additional 2,000 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Compass Diversified by 29.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock worth $74,000 after buying an additional 729 shares during the period. Quest Partners LLC increased its position in shares of Compass Diversified by 245.7% during the third quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock worth $165,000 after buying an additional 5,288 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Compass Diversified during the third quarter worth $173,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Up 8.8 %

Compass Diversified stock opened at $21.90 on Monday. 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 firm’s fifty day moving average price is $21.55 and its two-hundred day moving average price is $21.87. Compass Diversified has a 1-year low of $19.76 and a 1-year high of $25.07. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.64.

Compass Diversified Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s payout ratio is currently 208.33%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CODI. William Blair restated an “outperform” rating on shares of Compass Diversified in a report on Friday. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, TD Cowen began coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price objective on the stock. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $29.00.

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.