National Bank of Canada FI Sells 14,938 Shares of Compass Diversified (NYSE:CODI)

National Bank of Canada FI lessened its position in Compass Diversified (NYSE:CODI) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 205,400 shares of the financial services provider’s stock after selling 14,938 shares during the period. National Bank of Canada FI owned about 0.27% of Compass Diversified worth $4,746,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its position in Compass Diversified by 115.0% in the third quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after buying an additional 151,783 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Compass Diversified by 10.2% in the third 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 during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Compass Diversified by 5.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 572 shares in the last quarter. Barclays PLC grew its position in 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 acquiring an additional 79,086 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in Compass Diversified during the 3rd quarter valued at $201,000. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Down 3.9 %

NYSE:CODI opened at $16.91 on Monday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 1.25 and a beta of 1.55. 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’s fifty day moving average price is $20.13 and its two-hundred day moving average price is $21.53. Compass Diversified has a 52-week low of $16.20 and a 52-week high of $24.59.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.91%. The ex-dividend date is Thursday, April 17th. Compass Diversified’s dividend payout ratio (DPR) is presently -78.13%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. B. Riley upgraded Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. William Blair reissued an “outperform” rating on shares of Compass Diversified in a report on Friday, February 28th.

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.