Nuveen Asset Management LLC Trims Holdings in Compass Diversified (NYSE:CODI)

Nuveen Asset Management LLC lessened its stake in shares of Compass Diversified (NYSE:CODI - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,961 shares of the financial services provider's stock after selling 44,522 shares during the quarter. Nuveen Asset Management LLC owned 0.44% of Compass Diversified worth $7,754,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CODI. Allspring Global Investments Holdings LLC raised its holdings 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 acquiring an additional 80,402 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Compass Diversified by 2.5% in the fourth 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 acquiring an additional 45,725 shares in the last quarter. Essex Financial Services Inc. raised its holdings in 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 acquiring an additional 3,371 shares in the last quarter. Bank of America Corp DE raised its holdings in Compass Diversified by 14.9% in the fourth quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider's stock valued at $27,779,000 after acquiring an additional 156,074 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Compass Diversified by 3.3% in the fourth quarter. Schroder Investment Management Group now owns 1,103,849 shares of the financial services provider's stock valued at $25,477,000 after acquiring an additional 35,200 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CODI shares. B. Riley cut shares of Compass Diversified from a "buy" rating to a "neutral" rating and reduced their target price for the company from $30.00 to $18.00 in a report on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of Compass Diversified in a report on Friday, February 28th.

Compass Diversified Price Performance

CODI stock traded down $0.24 during trading on Monday, hitting $6.48. The stock had a trading volume of 584,524 shares, compared to its average volume of 399,678. The company's 50 day moving average price is $13.86 and its two-hundred day moving average price is $19.00. Compass Diversified has a 1-year low of $6.05 and a 1-year high of $24.59. The stock has a market cap of $487.53 million, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 15.43%. Compass Diversified's 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.