Northwest Quadrant Wealth Management LLC Lowers Stock Holdings in Compass Diversified (NYSE:CODI)

Northwest Quadrant Wealth Management LLC lowered its holdings in shares of Compass Diversified (NYSE:CODI) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,824 shares of the financial services provider’s stock after selling 1,759 shares during the quarter. Northwest Quadrant Wealth Management LLC’s holdings in Compass Diversified were worth $250,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Compass Diversified by 190.2% in the fourth quarter. Millennium Management LLC now owns 82,381 shares of the financial services provider’s stock valued at $1,901,000 after acquiring an additional 53,994 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Compass Diversified by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,907 shares of the financial services provider’s stock valued at $875,000 after acquiring an additional 1,310 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Compass Diversified in the fourth quarter valued at approximately $1,140,000. Cubist Systematic Strategies LLC purchased a new position in shares of Compass Diversified in the fourth quarter valued at approximately $582,000. Finally, Cetera Investment Advisers lifted its position in shares of Compass Diversified by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider’s stock valued at $718,000 after acquiring an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Up 9.1%

NYSE CODI opened at $7.66 on Wednesday. Compass Diversified has a 52 week low of $6.05 and a 52 week high of $24.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The business’s fifty day simple moving average is $17.01 and its 200-day simple moving average is $20.33. The firm has a market cap of $576.31 million, a PE ratio of 15.96, a P/E/G ratio of 1.25 and a beta of 1.25.

Compass Diversified Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 13.05%. Compass Diversified’s dividend payout ratio is presently -78.13%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CODI. B. Riley downgraded Compass Diversified from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $18.00 in a research report on Thursday, May 8th. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th.

About Compass Diversified

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.