Compass Diversified (NYSE:CODI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its stake in shares of Compass Diversified (NYSE:CODI) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,840 shares of the financial services provider’s stock after selling 8,370 shares during the quarter. Alliancebernstein L.P. owned 0.09% of Compass Diversified worth $1,543,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Promus Capital LLC acquired a new stake in shares of Compass Diversified during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC acquired a new stake in Compass Diversified during the fourth quarter valued at $32,000. BankPlus Trust Department purchased a new position in Compass Diversified in the fourth quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Compass Diversified by 29.6% in 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 acquiring an additional 729 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Compass Diversified by 219.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,194 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 2,882 shares in the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Stock Performance

NYSE:CODI opened at $16.51 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The stock has a market capitalization of $1.24 billion, a PE ratio of 34.40, a P/E/G ratio of 1.25 and a beta of 1.55. Compass Diversified has a fifty-two week low of $15.64 and a fifty-two week high of $24.59. The company has a fifty day moving average of $19.17 and a two-hundred day moving average of $21.14.

Compass Diversified Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 6.06%. Compass Diversified’s dividend payout ratio (DPR) is presently -78.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. B. Riley raised Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th.

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.