Compass Diversified (NYSE:CODI) Hits New 1-Year Low – What’s Next?

Compass Diversified (NYSE:CODI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $19.52 and last traded at $19.81, with a volume of 12168 shares. The stock had previously closed at $19.86.

Analyst Ratings Changes

CODI has been the subject of several research analyst reports. B. Riley upgraded 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. Finally, TD Cowen began coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price target on the stock.

Compass Diversified Stock Performance

The company has a market cap of $1.47 billion, a P/E ratio of 40.65, a PEG ratio of 1.25 and a beta of 1.59. 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 company has a 50 day moving average price of $21.27 and a 200-day moving average price of $21.84.

Compass Diversified Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its position in shares of Compass Diversified by 1.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider’s stock worth $98,693,000 after purchasing an additional 80,402 shares in the last quarter. William Blair Investment Management LLC raised its stake in Compass Diversified by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,866,533 shares of the financial services provider’s stock valued at $43,080,000 after purchasing an additional 45,725 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Compass Diversified by 1.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock valued at $36,240,000 after acquiring an additional 23,104 shares during the period. Essex Financial Services Inc. raised its stake in shares of Compass Diversified by 0.3% in the fourth quarter. Essex Financial Services Inc. now owns 1,305,545 shares of the financial services provider’s stock valued at $30,132,000 after purchasing an additional 3,371 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Compass Diversified by 14.9% during the fourth quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider’s stock worth $27,779,000 after purchasing an additional 156,074 shares during the period. 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.