Schroder Investment Management Group Acquires 35,200 Shares of Compass Diversified (NYSE:CODI)

Schroder Investment Management Group raised its holdings in Compass Diversified (NYSE:CODI) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,103,849 shares of the financial services provider’s stock after purchasing an additional 35,200 shares during the quarter. Schroder Investment Management Group owned 1.46% of Compass Diversified worth $25,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake 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 purchasing an additional 80,402 shares during the last quarter. William Blair Investment Management LLC lifted its position 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 valued at $43,080,000 after buying an additional 45,725 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Compass Diversified by 1.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock worth $36,240,000 after acquiring an additional 23,104 shares during the period. Essex Financial Services Inc. increased its holdings in Compass Diversified by 0.3% in 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 acquiring an additional 3,371 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Compass Diversified by 9.9% in the 4th quarter. Sei Investments Co. now owns 804,160 shares of the financial services provider’s stock valued at $18,560,000 after acquiring an additional 72,140 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CODI has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th.

Compass Diversified Stock Up 1.3 %

Shares of NYSE CODI opened at $18.77 on Thursday. The business has a 50-day simple moving average of $20.30 and a two-hundred day simple moving average of $21.59. Compass Diversified has a 52 week low of $17.99 and a 52 week high of $24.59. The company has a market cap of $1.41 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.25 and a beta of 1.59. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s payout ratio is -78.13%.

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.