Gilman Hill Asset Management LLC Grows Stock Holdings in Compass Diversified (NYSE:CODI)

Gilman Hill Asset Management LLC grew its holdings in Compass Diversified (NYSE:CODI) by 1.0% during the first quarter, HoldingsChannel reports. The firm owned 378,284 shares of the financial services provider’s stock after acquiring an additional 3,912 shares during the period. Compass Diversified comprises about 1.2% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 25th biggest holding. Gilman Hill Asset Management LLC’s holdings in Compass Diversified were worth $7,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of CODI. Northern Trust Corp lifted its position in Compass Diversified by 10.8% during the fourth quarter. Northern Trust Corp now owns 507,660 shares of the financial services provider’s stock worth $11,717,000 after buying an additional 49,403 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Compass Diversified by 1.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,103,405 shares of the financial services provider’s stock worth $25,467,000 after acquiring an additional 18,210 shares during the period. Bank of America Corp DE raised its holdings in shares of Compass Diversified by 14.9% during the 4th quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider’s stock worth $27,779,000 after acquiring an additional 156,074 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in shares of Compass Diversified during the 4th quarter worth $1,140,000. Finally, Aptus Capital Advisors LLC raised its stake in Compass Diversified by 22.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 329,462 shares of the financial services provider’s stock worth $7,604,000 after purchasing an additional 60,158 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Price Performance

NYSE:CODI opened at $7.00 on Thursday. The stock’s fifty day moving average is $13.13 and its two-hundred day moving average is $18.72. The company has a market capitalization of $526.65 million, a P/E ratio of 14.58, a P/E/G ratio of 1.25 and a beta of 1.25. Compass Diversified has a 52 week low of $6.05 and a 52 week high of $24.59. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 17th were issued a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 14.29%. Compass Diversified’s dividend payout ratio is presently -78.13%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CODI shares. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. B. Riley lowered shares of Compass Diversified from a “buy” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $18.00 in a research report on Thursday, May 8th.

Compass Diversified 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.