Mckinley Capital Management LLC Delaware Trims Position in Compass Diversified Holdings (CODI)

Mckinley Capital Management LLC Delaware decreased its holdings in Compass Diversified Holdings (NYSE:CODI) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,843 shares of the financial services provider’s stock after selling 3,868 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in Compass Diversified were worth $1,303,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its stake in Compass Diversified by 0.4% in the 2nd quarter. State Street Corp now owns 66,276 shares of the financial services provider’s stock valued at $1,157,000 after buying an additional 276 shares during the period. California Public Employees Retirement System increased its stake in Compass Diversified by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 118,803 shares of the financial services provider’s stock valued at $2,109,000 after buying an additional 4,203 shares during the period. Wells Fargo & Company MN increased its stake in Compass Diversified by 4.4% in the 2nd quarter. Wells Fargo & Company MN now owns 104,447 shares of the financial services provider’s stock valued at $1,823,000 after buying an additional 4,446 shares during the period. Gilman Hill Asset Management LLC increased its stake in Compass Diversified by 2.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 227,982 shares of the financial services provider’s stock valued at $4,047,000 after buying an additional 5,100 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Compass Diversified by 2.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 339,908 shares of the financial services provider’s stock valued at $6,033,000 after buying an additional 7,654 shares during the period. Hedge funds and other institutional investors own 33.92% of the company’s stock.

Compass Diversified Holdings (CODI) opened at $16.80 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.41 and a quick ratio of 1.26. The stock has a market cap of $1,010.00, a price-to-earnings ratio of -14.61 and a beta of 0.48. Compass Diversified Holdings has a 12 month low of $15.90 and a 12 month high of $18.35.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 18th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, January 17th. This represents a $1.44 annualized dividend and a yield of 8.57%. Compass Diversified’s dividend payout ratio is currently -125.22%.

In related news, insider James Bottiglieri purchased 4,733 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were acquired at an average cost of $17.24 per share, with a total value of $81,596.92. Following the purchase, the insider now directly owns 55,195 shares in the company, valued at approximately $951,561.80. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Several equities analysts have issued reports on the stock. BidaskClub cut shares of Compass Diversified from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research cut shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Finally, TheStreet cut shares of Compass Diversified from a “b-” rating to a “c” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.00.

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Compass Diversified Profile

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.

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

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