American Century Companies Inc. Sells 144,828 Shares of Compass Diversified (NYSE:CODI)

American Century Companies Inc. cut its position in shares of Compass Diversified (NYSE:CODI) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,291,102 shares of the financial services provider’s stock after selling 144,828 shares during the period. American Century Companies Inc. owned about 0.07% of Compass Diversified worth $122,119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in Compass Diversified in the 3rd quarter valued at $232,000. Quest Partners LLC increased its position in shares of Compass Diversified by 245.7% in the third quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 5,288 shares during the last quarter. Intech Investment Management LLC bought a new stake in Compass Diversified during the third quarter worth about $219,000. Swedbank AB acquired a new position in Compass Diversified during the third quarter valued at approximately $3,306,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Compass Diversified in the third quarter valued at approximately $309,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CODI shares. William Blair reissued an “outperform” rating on shares of Compass Diversified in a report on Friday, February 28th. TD Cowen assumed coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th.

Compass Diversified Stock Down 3.1 %

CODI opened at $19.10 on Monday. The stock’s fifty day simple moving average is $20.69 and its 200 day simple moving average is $21.68. Compass Diversified has a 1-year low of $18.88 and a 1-year high of $24.59. The stock has a market cap of $1.44 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio is presently 208.33%.

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.