Compass Diversified (NYSE:CODI) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Compass Diversified (NYSE:CODI) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,207 shares of the financial services provider’s stock after selling 775 shares during the quarter. Bank of New York Mellon Corp’s holdings in Compass Diversified were worth $4,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its stake in Compass Diversified by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 572 shares in the last quarter. Principle Wealth Partners LLC grew its stake in Compass Diversified by 6.5% during the 4th quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 645 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Compass Diversified by 29.6% during 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 acquiring an additional 729 shares in the last quarter. D.A. Davidson & CO. grew its stake in Compass Diversified by 1.1% during the 3rd quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider’s stock valued at $1,733,000 after acquiring an additional 817 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Compass Diversified by 10.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,360 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 1,331 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen assumed coverage on Compass Diversified in a research note on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. Finally, B. Riley raised Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th.

Compass Diversified Trading Up 1.0 %

Shares of NYSE CODI opened at $19.64 on Tuesday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 1.25 and a beta of 1.59. The business has a 50 day simple moving average of $20.85 and a 200 day simple moving average of $21.74. Compass Diversified has a 52 week low of $18.88 and a 52 week high of $24.59. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 5.09%. Compass Diversified’s payout ratio is 208.33%.

Compass Diversified Company 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.