Great Lakes Advisors LLC Sells 5,025 Shares of Compass Diversified (NYSE:CODI)

Great Lakes Advisors LLC reduced its stake in shares of Compass Diversified (NYSE:CODI) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,245 shares of the financial services provider’s stock after selling 5,025 shares during the quarter. Great Lakes Advisors LLC owned 0.20% of Compass Diversified worth $3,421,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI grew its holdings in shares of Compass Diversified by 11.5% during the 3rd quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider’s stock worth $4,876,000 after purchasing an additional 22,792 shares in the last quarter. Barclays PLC grew its holdings in shares of Compass Diversified by 296.3% during the 3rd quarter. Barclays PLC now owns 105,774 shares of the financial services provider’s stock worth $2,341,000 after purchasing an additional 79,086 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Compass Diversified by 22.3% during the 4th quarter. D.A. Davidson & CO. now owns 95,749 shares of the financial services provider’s stock worth $2,210,000 after purchasing an additional 17,453 shares in the last quarter. Magnolia Private Wealth LLC acquired a new stake in shares of Compass Diversified during the 4th quarter worth $515,000. Finally, Swedbank AB grew its holdings in shares of Compass Diversified by 46.5% during the 4th quarter. Swedbank AB now owns 218,900 shares of the financial services provider’s stock worth $5,052,000 after purchasing an additional 69,525 shares in the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Compass Diversified Stock Performance

NYSE:CODI opened at $19.45 on Friday. The stock’s 50-day simple moving average is $20.91 and its 200 day simple moving average is $21.76. The firm has a market capitalization of $1.46 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. Compass Diversified has a twelve month low of $18.88 and a twelve month high of $24.59.

Compass Diversified Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Thursday, January 16th. 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.