Millennium Management LLC Boosts Position in Compass Diversified (NYSE:CODI)

Millennium Management LLC grew its holdings in shares of Compass Diversified (NYSE:CODI - Free Report) by 190.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,381 shares of the financial services provider's stock after acquiring an additional 53,994 shares during the quarter. Millennium Management LLC owned 0.11% of Compass Diversified worth $1,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Promus Capital LLC bought a new stake in shares of Compass Diversified during the fourth quarter worth about $30,000. Millstone Evans Group LLC bought a new stake in shares of Compass Diversified during the fourth quarter worth about $32,000. BankPlus Trust Department bought a new stake in shares of Compass Diversified during the fourth quarter worth about $43,000. Sterling Capital Management LLC boosted its holdings 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 valued at $49,000 after acquiring an additional 1,903 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Compass Diversified by 46.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider's stock valued at $71,000 after acquiring an additional 976 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Compass Diversified Stock Performance

Shares of CODI stock traded up $0.05 on Wednesday, hitting $7.00. 1,947,267 shares of the stock were exchanged, compared to its average volume of 416,402. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $526.65 million, a PE ratio of 14.58, a P/E/G ratio of 1.25 and a beta of 1.25. Compass Diversified has a one year low of $6.05 and a one year high of $24.59. The firm's 50 day moving average is $13.36 and its two-hundred day moving average is $18.80.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 14.29%. Compass Diversified's dividend payout ratio is currently -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.