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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Compass Diversified by 1.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider's stock worth $98,693,000 after buying an additional 80,402 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Compass Diversified by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,866,533 shares of the financial services provider's stock worth $43,080,000 after buying an additional 45,725 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Compass Diversified by 0.3% during the 4th quarter. Essex Financial Services Inc. now owns 1,305,545 shares of the financial services provider's stock worth $30,132,000 after buying an additional 3,371 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Compass Diversified by 3.3% during the 4th quarter. Schroder Investment Management Group now owns 1,103,849 shares of the financial services provider's stock worth $25,477,000 after buying an additional 35,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Compass Diversified by 1.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,103,405 shares of the financial services provider's stock worth $25,467,000 after buying an additional 18,210 shares in the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Stock Up 1.7%

Shares of NYSE:CODI traded up $0.12 during trading on Thursday, reaching $7.37. 899,206 shares of the stock were exchanged, compared to its average volume of 365,442. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. Compass Diversified has a 1-year low of $6.05 and a 1-year high of $24.59. The stock has a fifty day moving average of $15.36 and a two-hundred day moving average of $19.69. The firm has a market cap of $554.64 million, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date of this dividend was Thursday, April 17th. Compass Diversified's payout ratio is -78.13%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CODI shares. B. Riley cut Compass Diversified from a "buy" rating to a "neutral" rating and cut their price target for the stock from $30.00 to $18.00 in a report on Thursday, May 8th. William Blair restated an "outperform" rating on shares of Compass Diversified in a report 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.