National Bank of Canada FI Has $4.75 Million Stock Holdings in Compass Diversified (NYSE:CODI)

National Bank of Canada FI lowered its stake in Compass Diversified (NYSE:CODI) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 205,400 shares of the financial services provider’s stock after selling 14,938 shares during the period. National Bank of Canada FI’s holdings in Compass Diversified were worth $4,746,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in 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 valued at $98,693,000 after purchasing an additional 80,402 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Compass Diversified by 2.5% in 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 buying an additional 45,725 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Compass Diversified by 1.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock worth $36,240,000 after buying an additional 23,104 shares during the period. Essex Financial Services Inc. raised its stake in Compass Diversified by 0.3% during the 4th quarter. Essex Financial Services Inc. now owns 1,305,545 shares of the financial services provider’s stock worth $30,132,000 after buying an additional 3,371 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Compass Diversified by 3.3% during the fourth quarter. Schroder Investment Management Group now owns 1,103,849 shares of the financial services provider’s stock worth $25,477,000 after acquiring an additional 35,200 shares in the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CODI shares. B. Riley raised 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 report on Friday, February 28th.

Compass Diversified Price Performance

CODI stock opened at $16.91 on Monday. The stock has a 50-day moving average price of $20.13 and a two-hundred day moving average price of $21.53. Compass Diversified has a 1 year low of $16.20 and a 1 year high of $24.59. The stock has a market cap of $1.27 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. 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 Announces Dividend

The company 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Thursday, April 17th. Compass Diversified’s dividend payout ratio is presently -78.13%.

About Compass Diversified

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.