Compass Diversified Holdings (NYSE:CODI) Shares Sold by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC lessened its position in shares of Compass Diversified Holdings (NYSE:CODI) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,624 shares of the financial services provider’s stock after selling 641 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Compass Diversified were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Investment Counselors of Maryland LLC grew its holdings in Compass Diversified by 1.7% during the 4th quarter. Investment Counselors of Maryland LLC now owns 1,072,982 shares of the financial services provider’s stock worth $26,674,000 after acquiring an additional 17,601 shares in the last quarter. Gilman Hill Asset Management LLC lifted its position in shares of Compass Diversified by 3.8% during the 1st quarter. Gilman Hill Asset Management LLC now owns 253,581 shares of the financial services provider’s stock worth $3,398,000 after buying an additional 9,298 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Compass Diversified by 2.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 153,714 shares of the financial services provider’s stock worth $3,821,000 after buying an additional 3,489 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Compass Diversified by 20.2% during the 4th quarter. California Public Employees Retirement System now owns 129,104 shares of the financial services provider’s stock worth $3,210,000 after buying an additional 21,660 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Compass Diversified by 41.5% during the 4th quarter. Raymond James & Associates now owns 105,241 shares of the financial services provider’s stock worth $2,616,000 after buying an additional 30,872 shares during the last quarter. Institutional investors own 27.36% of the company’s stock.

CODI has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Compass Diversified from a “buy” rating to a “sell” rating in a research report on Wednesday, May 6th. Jefferies Financial Group initiated coverage on shares of Compass Diversified in a research report on Wednesday, April 22nd. They set a “buy” rating and a $22.00 price objective for the company. ValuEngine downgraded shares of Compass Diversified from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Finally, TheStreet downgraded shares of Compass Diversified from a “b-” rating to a “c+” rating in a research report on Wednesday, March 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.17.

CODI stock opened at $16.65 on Friday. The company has a fifty day moving average price of $16.57 and a 200 day moving average price of $20.44. Compass Diversified Holdings has a 12 month low of $10.78 and a 12 month high of $26.37. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 11.14 and a beta of 1.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.16 and a quick ratio of 2.60.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. Compass Diversified had a net margin of 11.06% and a return on equity of 11.68%. The firm had revenue of $387.00 million during the quarter. As a group, analysts anticipate that Compass Diversified Holdings will post 1.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Thursday, April 16th were given a $0.36 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.44 annualized dividend and a yield of 8.65%. Compass Diversified’s dividend payout ratio (DPR) is 83.24%.

In other news, insider Ryan J. Faulkingham acquired 3,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $17.00 per share, for a total transaction of $51,000.00. Following the transaction, the insider now owns 12,900 shares in the company, valued at $219,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan J. Faulkingham acquired 2,500 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $12.60 per share, with a total value of $31,500.00. In the last quarter, insiders purchased 348,678 shares of company stock valued at $5,521,775. 2.70% of the stock is owned by insiders.

Compass Diversified Company Profile

Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.

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

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