Compass Diversified Holdings (NYSE:CODI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Compass Diversified Holdings (NYSE:CODI) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,458 shares of the financial services provider’s stock after selling 1,840 shares during the period. Rhumbline Advisers owned approximately 0.13% of Compass Diversified worth $1,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CODI. GAMMA Investing LLC grew its stake in shares of Compass Diversified by 1,332.4% during the first quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 3,491 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Compass Diversified during the fourth quarter worth approximately $386,000. Mackenzie Financial Corp acquired a new stake in shares of Compass Diversified in the 4th quarter worth $506,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Compass Diversified by 21.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,452 shares of the financial services provider’s stock valued at $3,334,000 after purchasing an additional 25,497 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Compass Diversified by 37.3% during the fourth quarter. ProShare Advisors LLC now owns 31,574 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 8,571 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CODI. B. Riley cut shares of Compass Diversified from a “buy” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $18.00 in a report on Thursday, May 8th. William Blair restated an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. Finally, Jefferies Financial Group cut Compass Diversified to a “hold” rating in a report on Friday, June 6th.

Compass Diversified Stock Down 2.5%

Shares of NYSE:CODI opened at $6.11 on Wednesday. The stock has a 50-day simple moving average of $11.17 and a 200-day simple moving average of $17.63. The stock has a market capitalization of $459.34 million, a P/E ratio of -4.77 and a beta of 1.05. Compass Diversified Holdings has a 1 year low of $6.00 and a 1 year high of $24.59. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.57 and a current ratio of 4.07.

Compass Diversified Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 16.38%. The ex-dividend date was Thursday, April 17th. Compass Diversified’s payout ratio is currently -78.13%.

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.