Compass Diversified Holdings (CODI) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. trimmed its position in Compass Diversified Holdings (NYSE:CODI) by 7.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,400 shares of the financial services provider’s stock after selling 13,583 shares during the period. Alps Advisors Inc. owned approximately 0.30% of Compass Diversified Holdings worth $3,185,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CODI. Ameriprise Financial Inc. increased its position in Compass Diversified Holdings by 21.4% in the 1st quarter. Ameriprise Financial Inc. now owns 31,474 shares of the financial services provider’s stock valued at $522,000 after buying an additional 5,556 shares in the last quarter. Legal & General Group Plc increased its position in Compass Diversified Holdings by 6.7% in the 1st quarter. Legal & General Group Plc now owns 128,323 shares of the financial services provider’s stock valued at $2,133,000 after buying an additional 8,029 shares in the last quarter. Morgan Stanley increased its position in Compass Diversified Holdings by 1.5% in the 1st quarter. Morgan Stanley now owns 483,861 shares of the financial services provider’s stock valued at $8,033,000 after buying an additional 7,296 shares in the last quarter. Bank of America Corp DE increased its position in Compass Diversified Holdings by 40.5% in the 1st quarter. Bank of America Corp DE now owns 131,202 shares of the financial services provider’s stock valued at $2,178,000 after buying an additional 37,825 shares in the last quarter. Finally, Credit Suisse AG increased its position in Compass Diversified Holdings by 8.9% in the 1st quarter. Credit Suisse AG now owns 62,562 shares of the financial services provider’s stock valued at $1,039,000 after buying an additional 5,108 shares in the last quarter. 33.24% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. ValuEngine lowered Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub upgraded Compass Diversified Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Compass Diversified Holdings has a consensus rating of “Hold” and a consensus target price of $19.50.

Compass Diversified Holdings (CODI) traded down $0.20 during mid-day trading on Friday, reaching $16.55. The company’s stock had a trading volume of 178,200 shares, compared to its average volume of 145,424. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.41 and a quick ratio of 1.28. Compass Diversified Holdings has a fifty-two week low of $15.90 and a fifty-two week high of $19.50.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 19th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.70%. Compass Diversified Holdings’s payout ratio is presently -123.08%.

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About Compass Diversified Holdings

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

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

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