Compass Diversified (NYSE:CODI) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. decreased its position in shares of Compass Diversified (NYSE:CODIGet Rating) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 291,745 shares of the financial services provider’s stock after selling 10,768 shares during the quarter. North Star Investment Management Corp. owned about 0.40% of Compass Diversified worth $5,319,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ensign Peak Advisors Inc acquired a new position in shares of Compass Diversified during the third quarter valued at $29,000. Ronald Blue Trust Inc. acquired a new stake in Compass Diversified in the second quarter worth about $45,000. Quantbot Technologies LP acquired a new stake in Compass Diversified in the second quarter worth about $55,000. SeaCrest Wealth Management LLC acquired a new stake in Compass Diversified in the second quarter worth about $78,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Compass Diversified by 129.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,847 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 3,865 shares during the period. Institutional investors and hedge funds own 48.47% of the company’s stock.

Compass Diversified Price Performance

Shares of Compass Diversified stock opened at $18.03 on Friday. The company has a current ratio of 3.36, a quick ratio of 1.33 and a debt-to-equity ratio of 1.72. The company’s 50-day moving average price is $20.99 and its two-hundred day moving average price is $19.70. Compass Diversified has a 52 week low of $16.32 and a 52 week high of $25.94.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 26th. Shareholders of record on Thursday, January 19th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, January 18th. Compass Diversified’s dividend payout ratio (DPR) is presently -416.67%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Compass Diversified in a report on Thursday. They issued a “hold” rating for the company. Jefferies Financial Group assumed coverage on shares of Compass Diversified in a report on Friday, December 23rd. They issued a “buy” rating for the company.

About Compass Diversified

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Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire.

Further Reading

Institutional Ownership by Quarter for Compass Diversified (NYSE:CODI)

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