Compass Diversified (NYSE:CODI) Shares Down 5.9% – Time to Sell?

Compass Diversified (NYSE:CODI) was down 5.9% during mid-day trading on Monday . The company traded as low as $6.72 and last traded at $6.75. Approximately 185,761 shares were traded during trading, a decline of 57% from the average daily volume of 427,851 shares. The stock had previously closed at $7.18.

Analysts Set New Price Targets

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

Compass Diversified Stock Performance

The company’s fifty day moving average price is $12.67 and its two-hundred day moving average price is $18.44. The firm has a market capitalization of $485.20 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.05. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 15.51%. Compass Diversified’s payout ratio is -78.13%.

Institutional Investors Weigh In On Compass Diversified

Several large investors have recently made changes to their positions in CODI. Promus Capital LLC purchased a new stake in Compass Diversified during the 4th quarter worth $30,000. Millstone Evans Group LLC purchased a new stake in shares of Compass Diversified in the fourth quarter worth about $32,000. KBC Group NV purchased a new stake in shares of Compass Diversified in the first quarter worth about $30,000. NBC Securities Inc. grew its stake in shares of Compass Diversified by 167,500.0% in the first quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,675 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of Compass Diversified during the 4th quarter valued at about $43,000. 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.