Compass Diversified (NYSE:CODI) Stock Position Lowered by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its position in Compass Diversified (NYSE:CODI) by 1.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 172,835 shares of the financial services provider’s stock after selling 1,864 shares during the period. Great Lakes Advisors LLC owned about 0.24% of Compass Diversified worth $3,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CODI. Money Concepts Capital Corp grew its holdings in shares of Compass Diversified by 352.9% during the fourth quarter. Money Concepts Capital Corp now owns 1,508 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,175 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in Compass Diversified during the 3rd quarter valued at about $29,000. Tower Research Capital LLC TRC increased its holdings in shares of Compass Diversified by 216.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,548 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Compass Diversified in the 1st quarter valued at about $46,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Compass Diversified in the second quarter worth approximately $55,000. 50.41% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Price Performance

CODI opened at $20.38 on Tuesday. The stock has a fifty day moving average price of $18.64 and a 200 day moving average price of $20.21. The company has a current ratio of 3.71, a quick ratio of 1.45 and a debt-to-equity ratio of 1.64. Compass Diversified has a 1 year low of $16.32 and a 1 year high of $22.91. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 75.48 and a beta of 1.77.

Compass Diversified Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 4.91%. Compass Diversified’s dividend payout ratio is 370.37%.

Insider Activity at Compass Diversified

In other Compass Diversified news, major shareholder Anholt Investments Ltd. acquired 33,402 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were purchased at an average price of $18.12 per share, with a total value of $605,244.24. Following the completion of the transaction, the insider now owns 7,976,376 shares in the company, valued at $144,531,933.12. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other Compass Diversified news, major shareholder Anholt Investments Ltd. bought 33,402 shares of the stock in a transaction on Tuesday, October 3rd. The shares were purchased at an average cost of $18.12 per share, with a total value of $605,244.24. Following the completion of the transaction, the insider now directly owns 7,976,376 shares of the company’s stock, valued at approximately $144,531,933.12. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patrick A. Maciariello bought 10,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of $20.21 per share, for a total transaction of $202,100.00. Following the completion of the acquisition, the insider now owns 201,018 shares of the company’s stock, valued at $4,062,573.78. The disclosure for this purchase can be found here. In the last quarter, insiders bought 48,802 shares of company stock valued at $906,878. 2.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Compass Diversified in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.

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