Charles Schwab Investment Management Inc. Cuts Stake in Compass Diversified (NYSE:CODI)

Charles Schwab Investment Management Inc. cut its holdings in Compass Diversified (NYSE:CODI) by 28.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,517 shares of the financial services provider’s stock after selling 114,230 shares during the period. Charles Schwab Investment Management Inc. owned 0.37% of Compass Diversified worth $6,474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 purchasing an additional 80,402 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in 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 buying an additional 23,104 shares during the last quarter. Essex Financial Services Inc. boosted its stake in 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 valued at $30,132,000 after buying an additional 3,371 shares during the last quarter. FMR LLC increased its stake in Compass Diversified by 115.0% in the 3rd quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock worth $6,280,000 after acquiring an additional 151,783 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Compass Diversified by 3.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 227,384 shares of the financial services provider’s stock worth $5,248,000 after purchasing an additional 8,155 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CODI shares. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. B. Riley upgraded Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, TD Cowen assumed coverage on Compass Diversified in a research report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price target for the company.

Compass Diversified Trading Up 2.0 %

CODI opened at $19.55 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. The stock’s 50 day moving average price is $20.65 and its 200-day moving average price is $21.68. Compass Diversified has a one year low of $18.88 and a one year high of $24.59. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 1.25 and a beta of 1.59.

Compass Diversified Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

Compass Diversified 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.