Compass Diversified (NYSE:CODI) Hits New 52-Week Low – Time to Sell?

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CODI shares. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th.

Compass Diversified Price Performance

The company’s 50-day moving average price is $20.52 and its 200-day moving average price is $21.63. 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 firm has a market cap of $1.42 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 1.25 and a beta of 1.59.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 5.30%. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

Hedge Funds Weigh In On Compass Diversified

Institutional investors have recently modified their holdings of the business. SPC Financial Inc. raised its stake in shares of Compass Diversified by 2.9% in the fourth quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 500 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Compass Diversified by 5.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock valued at $260,000 after buying an additional 572 shares during the period. Principle Wealth Partners LLC grew its position in shares of Compass Diversified by 6.5% during the fourth quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock worth $243,000 after buying an additional 645 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Compass Diversified by 2.4% during the fourth quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider’s stock worth $718,000 after buying an additional 722 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Compass Diversified by 29.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 729 shares in the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

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.