Keeley Teton Advisors LLC Sells 3,000 Shares of Compass Diversified (NYSE:CODI)

Keeley Teton Advisors LLC reduced its position in Compass Diversified (NYSE:CODI) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,600 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Compass Diversified were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CODI. SPC Financial Inc. increased its holdings in Compass Diversified by 2.9% in the 4th quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 500 shares during the last quarter. Principle Wealth Partners LLC boosted its position in 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 purchasing an additional 645 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 worth $74,000 after purchasing an additional 729 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Compass Diversified by 4.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,767 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 910 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Compass Diversified by 4.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,442 shares of the financial services provider’s stock worth $495,000 after buying an additional 1,007 shares during the period. 72.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CODI shares. B. Riley upgraded Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th.

Compass Diversified Stock Performance

Compass Diversified stock opened at $16.69 on Thursday. The firm’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $21.18. 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 has a 1-year low of $15.64 and a 1-year high of $24.59. The firm has a market capitalization of $1.26 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.99%. The ex-dividend date is Thursday, April 17th. Compass Diversified’s payout ratio is -78.13%.

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.