Allspring Global Investments Holdings LLC Grows Stake in Compass Diversified Holdings (NYSE:CODI)

Allspring Global Investments Holdings LLC increased its holdings in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,789,892 shares of the financial services provider's stock after purchasing an additional 451,731 shares during the quarter. Allspring Global Investments Holdings LLC owned 6.37% of Compass Diversified worth $88,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Promus Capital LLC bought a new position in shares of Compass Diversified during the 4th quarter valued at $30,000. Millstone Evans Group LLC purchased a new stake in Compass Diversified during the fourth quarter valued at $32,000. NBC Securities Inc. lifted its holdings in Compass Diversified by 167,500.0% in the first quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 1,675 shares during the period. Bessemer Group Inc. purchased a new position in Compass Diversified in the first quarter worth about $37,000. Finally, Sterling Capital Management LLC boosted its position in Compass Diversified by 827.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock worth $49,000 after purchasing an additional 1,903 shares during the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CODI has been the topic of several recent research reports. B. Riley cut shares of Compass Diversified from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $30.00 to $18.00 in a research note on Thursday, May 8th. Jefferies Financial Group cut shares of Compass Diversified to a "hold" rating in a report on Friday, June 6th.

Compass Diversified Stock Performance

Shares of NYSE:CODI traded up $0.16 during mid-day trading on Monday, reaching $6.30. 1,060,531 shares of the company traded hands, compared to its average volume of 519,332. Compass Diversified Holdings has a 52 week low of $6.00 and a 52 week high of $24.59. The firm has a market cap of $473.99 million, a PE ratio of -4.92 and a beta of 1.05. The company's 50 day moving average price is $9.51 and its 200-day moving average price is $16.62. The company has a debt-to-equity ratio of 1.54, a current ratio of 4.07 and a quick ratio of 1.57.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.87%. Compass Diversified's dividend payout ratio is -78.13%.

Compass Diversified 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.