Compass Diversified Holdings (NYSE:CODI) Holdings Cut by Mckinley Capital Management LLC Delaware

Mckinley Capital Management LLC Delaware decreased its holdings in shares of Compass Diversified Holdings (NYSE:CODI) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,843 shares of the financial services provider’s stock after selling 3,868 shares during the quarter. Mckinley Capital Management LLC Delaware owned approximately 0.13% of Compass Diversified worth $1,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CODI. Ameriprise Financial Inc. lifted its holdings in shares of Compass Diversified by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 40,741 shares of the financial services provider’s stock worth $711,000 after buying an additional 9,267 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Compass Diversified by 2.3% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 339,908 shares of the financial services provider’s stock worth $6,033,000 after buying an additional 7,654 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Compass Diversified during the third quarter worth $566,000. Legal & General Group Plc lifted its holdings in shares of Compass Diversified by 10.8% during the third quarter. Legal & General Group Plc now owns 173,880 shares of the financial services provider’s stock worth $3,082,000 after buying an additional 16,954 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Compass Diversified by 9.0% during the second quarter. California Public Employees Retirement System now owns 114,600 shares of the financial services provider’s stock worth $2,000,000 after buying an additional 9,500 shares in the last quarter. 34.53% of the stock is owned by institutional investors and hedge funds.

In related news, insider James Bottiglieri purchased 4,733 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were bought at an average price of $17.24 per share, for a total transaction of $81,596.92. Following the completion of the transaction, the insider now owns 55,195 shares of the company’s stock, valued at $951,561.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by company insiders.

Shares of Compass Diversified Holdings (CODI) traded up $0.05 during midday trading on Thursday, hitting $16.65. The company had a trading volume of 13,089 shares, compared to its average volume of 193,088. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.71. Compass Diversified Holdings has a 52 week low of $15.90 and a 52 week high of $18.35. The company has a market capitalization of $985.35, a PE ratio of -14.19 and a beta of 0.48.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 18th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date was Wednesday, January 17th. Compass Diversified’s payout ratio is currently -123.08%.

CODI has been the topic of a number of recent analyst reports. Zacks Investment Research cut Compass Diversified from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th. TheStreet cut Compass Diversified from a “b-” rating to a “c” rating in a research report on Wednesday, January 17th. Finally, BidaskClub cut Compass Diversified from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.00.

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Compass Diversified Profile

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

Institutional Ownership by Quarter for Compass Diversified (NYSE:CODI)

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