Short Interest in Compass Diversified (NYSE:CODI) Rises By 28.2%

Compass Diversified (NYSE:CODI - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 690,800 shares, an increase of 28.2% from the April 30th total of 538,800 shares. Based on an average trading volume of 854,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.9% of the company's stock are sold short.

Institutional Trading of Compass Diversified

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Compass Diversified by 10.8% during the 4th quarter. Northern Trust Corp now owns 507,660 shares of the financial services provider's stock worth $11,717,000 after purchasing an additional 49,403 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Compass Diversified by 1.7% in 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 during the period. Bank of America Corp DE increased its position in Compass Diversified by 14.9% in the 4th quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider's stock worth $27,779,000 after buying an additional 156,074 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of Compass Diversified during the fourth quarter worth approximately $1,140,000. Finally, Aptus Capital Advisors LLC boosted its position in shares of Compass Diversified by 22.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 329,462 shares of the financial services provider's stock valued at $7,604,000 after acquiring an additional 60,158 shares during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Performance

Shares of CODI stock traded up $0.05 during trading on Wednesday, reaching $7.00. The company had a trading volume of 1,947,237 shares, compared to its average volume of 702,192. The firm's 50 day simple moving average is $13.36 and its two-hundred day simple moving average is $18.80. 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 one year low of $6.05 and a one year high of $24.59. The company has a market capitalization of $526.65 million, a PE ratio of 14.58, a PEG ratio of 1.25 and a beta of 1.25.

Compass Diversified Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.29%. The ex-dividend date was Thursday, April 17th. Compass Diversified's dividend payout ratio is -78.13%.

Analyst Ratings Changes

CODI has been the subject of several recent research reports. B. Riley downgraded shares of Compass Diversified from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $30.00 to $18.00 in a research report on Thursday, May 8th. William Blair reiterated 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.