D. E. Shaw & Co. Inc. Invests $1.14 Million in Compass Diversified (NYSE:CODI)

D. E. Shaw & Co. Inc. acquired a new stake in shares of Compass Diversified (NYSE:CODI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,379 shares of the financial services provider's stock, valued at approximately $1,140,000. D. E. Shaw & Co. Inc. owned approximately 0.07% of Compass Diversified as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Promus Capital LLC purchased a new stake in Compass Diversified during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new position in Compass Diversified in the 4th quarter worth $32,000. BankPlus Trust Department acquired a new stake in Compass Diversified during the 4th quarter worth about $43,000. Sterling Capital Management LLC lifted its position in Compass Diversified by 827.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock worth $49,000 after acquiring an additional 1,903 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Compass Diversified by 46.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider's stock valued at $71,000 after purchasing an additional 976 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company's stock.

Compass Diversified Stock Performance

NYSE CODI traded up $0.17 on Thursday, reaching $6.78. 1,665,672 shares of the company's stock traded hands, compared to its average volume of 390,905. Compass Diversified has a fifty-two week low of $6.05 and a fifty-two week high of $24.59. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The firm has a market cap of $510.25 million, a price-to-earnings ratio of 14.13, a P/E/G ratio of 1.25 and a beta of 1.25. The stock has a 50 day moving average price of $14.11 and a 200-day moving average price of $19.16.

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th were given a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 14.74%. Compass Diversified's dividend payout ratio is presently -78.13%.

Wall Street Analyst Weigh In

CODI has been the subject of several research analyst reports. William Blair restated an "outperform" rating on shares of Compass Diversified in a research note on Friday, February 28th. B. Riley downgraded shares of Compass Diversified from a "buy" rating to a "neutral" rating and cut their price target for the stock from $30.00 to $18.00 in a report on Thursday, May 8th.

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.