Royal Bank of Canada Sells 142,866 Shares of Compass Diversified (NYSE:CODI)

Royal Bank of Canada cut its stake in shares of Compass Diversified (NYSE:CODI - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 737,163 shares of the financial services provider's stock after selling 142,866 shares during the quarter. Royal Bank of Canada owned approximately 0.97% of Compass Diversified worth $17,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in Compass Diversified by 37.3% in the 4th quarter. ProShare Advisors LLC now owns 31,574 shares of the financial services provider's stock worth $729,000 after buying an additional 8,571 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Compass Diversified by 190.2% in the fourth quarter. Millennium Management LLC now owns 82,381 shares of the financial services provider's stock worth $1,901,000 after acquiring an additional 53,994 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Compass Diversified by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,907 shares of the financial services provider's stock worth $875,000 after purchasing an additional 1,310 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Compass Diversified during the 4th quarter valued at approximately $1,140,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Compass Diversified in the 4th quarter worth approximately $582,000. Institutional investors own 72.73% of the company's stock.

Compass Diversified Price Performance

Compass Diversified stock traded down $0.25 during midday trading on Friday, reaching $6.54. 218,279 shares of the stock traded hands, compared to its average volume of 390,355. The stock has a market cap of $492.04 million, a P/E ratio of 13.68, a PEG ratio of 1.25 and a beta of 1.25. The stock's fifty day moving average is $14.11 and its 200-day moving average is $19.16. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. Compass Diversified has a 12 month low of $6.05 and a 12 month high of $24.59.

Compass Diversified Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 15.29%. Compass Diversified's dividend payout ratio is currently -78.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. B. Riley lowered shares of Compass Diversified from a "buy" rating to a "neutral" rating and cut their price objective for the company from $30.00 to $18.00 in a report on Thursday, May 8th. William Blair reaffirmed an "outperform" rating on shares of Compass Diversified in a research note on Friday, February 28th.

Compass Diversified Company 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.