Compass Diversified (NYSE:CODI) Hits New 52-Week Low – Time to Sell?

Shares of Compass Diversified (NYSE:CODI) hit a new 52-week low on Monday . The stock traded as low as $19.52 and last traded at $19.81, with a volume of 12168 shares traded. The stock had previously closed at $19.86.

Analyst Ratings Changes

Several brokerages have commented on CODI. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. TD Cowen initiated coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price objective for the company. Finally, B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th.

Compass Diversified Stock Down 1.8 %

The company has a market cap of $1.47 billion, a P/E ratio of 40.65, a PEG ratio of 1.25 and a beta of 1.59. The stock’s 50-day moving average price is $21.27 and its 200-day moving average price is $21.84. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51.

Compass Diversified Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio is 208.33%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SPC Financial Inc. lifted its holdings in shares of Compass Diversified by 2.9% in the fourth quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider’s stock worth $406,000 after buying an additional 500 shares in the last quarter. Rockefeller Capital Management L.P. increased 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 purchasing an additional 572 shares in the last quarter. Principle Wealth Partners LLC boosted its position in Compass Diversified by 6.5% in the fourth quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock valued at $243,000 after buying an additional 645 shares during the last quarter. Cetera Investment Advisers grew its holdings in Compass Diversified by 2.4% during the fourth quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 722 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

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.