Compass Diversified Holdings (CODI) Holdings Trimmed by Investment Counselors of Maryland LLC

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Investment Counselors of Maryland LLC lowered its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 983,442 shares of the financial services provider’s stock after selling 5,700 shares during the period. Investment Counselors of Maryland LLC’s holdings in Compass Diversified were worth $17,849,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CODI. Ladenburg Thalmann Financial Services Inc. raised its stake in Compass Diversified by 73.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,784 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 7,547 shares during the period. Millennium Management LLC raised its stake in Compass Diversified by 398.2% during the first quarter. Millennium Management LLC now owns 86,880 shares of the financial services provider’s stock worth $1,425,000 after purchasing an additional 69,441 shares during the period. Legal & General Group Plc raised its stake in Compass Diversified by 17.2% during the first quarter. Legal & General Group Plc now owns 217,330 shares of the financial services provider’s stock worth $3,570,000 after purchasing an additional 31,917 shares during the period. Allianz Asset Management GmbH purchased a new position in Compass Diversified during the first quarter worth approximately $624,000. Finally, Mckinley Capital Management LLC Delaware raised its stake in Compass Diversified by 4.7% during the second quarter. Mckinley Capital Management LLC Delaware now owns 71,506 shares of the financial services provider’s stock worth $1,237,000 after purchasing an additional 3,224 shares during the period. 33.36% of the stock is currently owned by institutional investors.

In other Compass Diversified news, insider Harold S. Edwards bought 3,431 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were acquired at an average price of $14.50 per share, with a total value of $49,749.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

Shares of CODI stock opened at $15.19 on Wednesday. Compass Diversified Holdings has a 52 week low of $14.06 and a 52 week high of $18.35. The company has a current ratio of 2.52, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $866.75 million, a PE ratio of 21.28 and a beta of 0.55.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Thursday, October 18th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date was Wednesday, October 17th.

Separately, Zacks Investment Research raised shares of Compass Diversified from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, October 30th.

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About Compass Diversified

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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