Northern Trust Corp Buys 49,403 Shares of Compass Diversified (NYSE:CODI)

Northern Trust Corp increased its stake in shares of Compass Diversified (NYSE:CODI - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507,660 shares of the financial services provider's stock after purchasing an additional 49,403 shares during the quarter. Northern Trust Corp owned approximately 0.67% of Compass Diversified worth $11,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its position in Compass Diversified by 296.3% in the 3rd quarter. Barclays PLC now owns 105,774 shares of the financial services provider's stock valued at $2,341,000 after acquiring an additional 79,086 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Compass Diversified by 29.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 729 shares during the period. SG Americas Securities LLC raised its position in Compass Diversified by 19.1% during the 4th quarter. SG Americas Securities LLC now owns 18,932 shares of the financial services provider's stock worth $437,000 after purchasing an additional 3,035 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Compass Diversified by 3.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 227,384 shares of the financial services provider's stock worth $5,248,000 after buying an additional 8,155 shares during the period. Finally, Swedbank AB lifted its holdings in Compass Diversified by 46.5% during the 4th quarter. Swedbank AB now owns 218,900 shares of the financial services provider's stock worth $5,052,000 after buying an additional 69,525 shares during the period. Institutional investors own 72.73% of the company's stock.

Compass Diversified Trading Down 0.5%

Shares of CODI stock traded down $0.04 during mid-day trading on Tuesday, hitting $7.82. The company's stock had a trading volume of 1,003,107 shares, compared to its average volume of 357,079. The company's fifty day simple moving average is $16.07 and its 200-day simple moving average is $19.96. Compass Diversified has a 52 week low of $6.05 and a 52 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 company has a market cap of $588.35 million, a PE ratio of 16.29, a P/E/G ratio of 1.25 and a beta of 1.25.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 12.79%. Compass Diversified's dividend payout ratio is currently -78.13%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley cut Compass Diversified from a "buy" rating to a "neutral" rating and decreased their price target for the company from $30.00 to $18.00 in a research note 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 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.