Compass Diversified (NYSE:CODI) Hits New 1-Year Low – Here’s Why

Compass Diversified (NYSE:CODI) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $18.69 and last traded at $18.80, with a volume of 26357 shares changing hands. The stock had previously closed at $19.09.

Analyst Ratings Changes

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

Compass Diversified Stock Down 1.4 %

The business’s fifty day moving average is $20.46 and its two-hundred day moving average is $21.63. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 39.20, a PEG 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio is currently -78.13%.

Institutional Trading of Compass Diversified

Hedge funds have recently modified their holdings of the stock. Promus Capital LLC purchased a new position in Compass Diversified in the fourth quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new stake in shares of Compass Diversified during the 4th quarter worth $32,000. BankPlus Trust Department acquired a new position in shares of Compass Diversified during the fourth quarter worth $43,000. Sterling Capital Management LLC grew its stake in shares of Compass Diversified by 827.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Compass Diversified by 46.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider’s stock valued at $71,000 after buying an additional 976 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

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.