Compass Diversified (NYSE:CODI) Reaches New 1-Year Low at $19.13

Compass Diversified (NYSE:CODIGet Rating)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $19.13 and last traded at $19.27, with a volume of 2915 shares traded. The stock had previously closed at $19.86.

Wall Street Analyst Weigh In

Separately, TheStreet raised Compass Diversified from a “c” rating to a “b-” rating in a report on Thursday, August 25th.

Compass Diversified Stock Down 4.1 %

The company has a quick ratio of 1.46, a current ratio of 3.37 and a debt-to-equity ratio of 1.22. The company has a market cap of $1.37 billion, a PE ratio of 15.88 and a beta of 1.74. The stock has a 50-day moving average of $22.51 and a 200-day moving average of $22.78.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, July 21st were given a $0.25 dividend. The ex-dividend date was Wednesday, July 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.25%. Compass Diversified’s dividend payout ratio (DPR) is presently 83.33%.

Insider Buying and Selling

In related news, major shareholder Anholt Investments Ltd. sold 146,937 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $23.71, for a total value of $3,483,876.27. Following the sale, the insider now owns 7,937,882 shares in the company, valued at $188,207,182.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Compass Diversified

A number of large investors have recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in Compass Diversified by 1.0% during the first quarter. Truist Financial Corp now owns 44,989 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 461 shares in the last quarter. Pacific Global Investment Management Co. raised its position in Compass Diversified by 0.9% during the second quarter. Pacific Global Investment Management Co. now owns 53,980 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 479 shares in the last quarter. Creative Planning raised its position in Compass Diversified by 3.3% during the second quarter. Creative Planning now owns 16,182 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 517 shares in the last quarter. Rehmann Capital Advisory Group raised its position in Compass Diversified by 8.1% during the second quarter. Rehmann Capital Advisory Group now owns 11,159 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 832 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Compass Diversified by 408.9% during the first quarter. National Bank of Canada FI now owns 1,145 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 59.81% of the company’s stock.

About Compass Diversified

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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, safety & security, electronic components, food, foodservice.

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