AlphaQuest LLC Has $33,000 Stock Holdings in Compass Diversified (NYSE:CODI)

AlphaQuest LLC cut its stake in Compass Diversified (NYSE:CODI) by 80.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,438 shares of the financial services provider’s stock after selling 6,002 shares during the period. AlphaQuest LLC’s holdings in Compass Diversified were worth $33,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CODI. Promus Capital LLC bought a new position in shares of Compass Diversified in the 4th quarter valued at $30,000. BankPlus Trust Department bought a new position in shares of Compass Diversified in the 4th quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Compass Diversified by 29.6% in the 4th 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 last quarter. Quest Partners LLC increased its stake in shares of Compass Diversified by 245.7% in the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 5,288 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Compass Diversified in the 3rd quarter valued at $173,000. 72.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CODI shares. B. Riley upgraded Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. Finally, TD Cowen initiated coverage on Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price objective on the stock.

Compass Diversified Trading Down 3.1 %

Shares of CODI stock opened at $19.10 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 39.79, a P/E/G ratio of 1.25 and a beta of 1.59. Compass Diversified has a twelve month low of $18.88 and a twelve month high of $24.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $20.69 and its 200 day simple moving average is $21.68.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 5.24%. Compass Diversified’s dividend payout ratio is currently 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.