Sanctuary Advisors LLC Sells 17,573 Shares of Compass Diversified (NYSE:CODI)

Sanctuary Advisors LLC decreased its holdings in shares of Compass Diversified (NYSE:CODI) by 18.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,030 shares of the financial services provider’s stock after selling 17,573 shares during the quarter. Sanctuary Advisors LLC owned 0.10% of Compass Diversified worth $1,701,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CODI. 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 valued at $98,693,000 after acquiring an additional 80,402 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Compass Diversified by 1.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock valued at $36,240,000 after purchasing an additional 23,104 shares in the last quarter. Essex Financial Services Inc. grew its holdings in shares of Compass Diversified by 0.3% during the fourth quarter. Essex Financial Services Inc. now owns 1,305,545 shares of the financial services provider’s stock worth $30,132,000 after purchasing an additional 3,371 shares during the last quarter. Royce & Associates LP increased its stake in shares of Compass Diversified by 4.9% in the third quarter. Royce & Associates LP now owns 857,781 shares of the financial services provider’s stock valued at $18,983,000 after buying an additional 40,247 shares during the period. Finally, North Star Investment Management Corp. raised its holdings in Compass Diversified by 1.5% in the 3rd quarter. North Star Investment Management Corp. now owns 354,432 shares of the financial services provider’s stock valued at $7,844,000 after buying an additional 5,071 shares during the last quarter. Institutional investors own 72.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. TD Cowen began coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $29.00.

Compass Diversified Stock Performance

NYSE:CODI opened at $20.61 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. Compass Diversified has a fifty-two week low of $19.76 and a fifty-two week high of $25.07. The company has a 50 day simple moving average of $21.75 and a two-hundred day simple moving average of $21.86. The company has a market capitalization of $1.56 billion, a PE ratio of 42.93, a P/E/G ratio of 1.25 and a beta of 1.64.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

About Compass Diversified

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.