Compass Diversified (NYSE:CODI) Reaches New 1-Year Low – Time to Sell?

Compass Diversified (NYSE:CODI)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $19.52 and last traded at $19.81, with a volume of 12168 shares trading hands. The stock had previously closed at $19.86.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. Finally, B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th.

Compass Diversified Stock Performance

The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The company’s fifty day simple moving average is $21.13 and its two-hundred day simple moving average is $21.81. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 41.11, 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 5.07%. Compass Diversified’s payout ratio is 208.33%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CODI. Promus Capital LLC acquired a new position in Compass Diversified during the fourth quarter worth $30,000. Millstone Evans Group LLC bought a new stake in shares of Compass Diversified in the 4th quarter worth $32,000. BankPlus Trust Department bought a new stake in shares of Compass Diversified in the 4th quarter worth $43,000. Farther Finance Advisors LLC grew its stake in shares of Compass Diversified by 273.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,625 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Compass Diversified by 827.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,903 shares in the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Company 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.