Compass Diversified (NYSE:CODI) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Compass Diversified (NYSE:CODI – Get Rating) in a report issued on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

Separately, Jefferies Financial Group initiated coverage on shares of Compass Diversified in a report on Friday, December 23rd. They issued a buy rating for the company.

Compass Diversified Price Performance

Shares of Compass Diversified stock opened at $18.03 on Thursday. The company has a 50 day moving average price of $20.99 and a 200 day moving average price of $19.70. The company has a quick ratio of 1.33, a current ratio of 3.36 and a debt-to-equity ratio of 1.72. Compass Diversified has a 52 week low of $16.32 and a 52 week high of $25.94.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 26th. Stockholders of record on Thursday, January 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Wednesday, January 18th. Compass Diversified’s payout ratio is -416.67%.

Institutional Investors Weigh In On Compass Diversified

A number of large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Compass Diversified by 2.2% during the 4th quarter. American Century Companies Inc. now owns 5,836,644 shares of the financial services provider’s stock valued at $106,402,000 after acquiring an additional 124,316 shares during the period. Vanguard Group Inc. lifted its position in Compass Diversified by 3.5% during the third quarter. Vanguard Group Inc. now owns 4,925,871 shares of the financial services provider’s stock valued at $88,962,000 after purchasing an additional 166,599 shares during the period. BlackRock Inc. boosted its holdings in Compass Diversified by 4.6% in the third quarter. BlackRock Inc. now owns 3,178,926 shares of the financial services provider’s stock valued at $57,412,000 after purchasing an additional 140,187 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Compass Diversified by 20.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,452,804 shares of the financial services provider’s stock valued at $26,485,000 after buying an additional 245,012 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Compass Diversified by 25.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,207,792 shares of the financial services provider’s stock valued at $21,813,000 after buying an additional 242,558 shares during the period. Hedge funds and other institutional investors own 48.47% of the company’s stock.

About Compass Diversified

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Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire.