Compass Diversified Holdings (CODI) is Essex Financial Services Inc.’s 7th Largest Position
Essex Financial Services Inc. lessened its position in shares of Compass Diversified Holdings (NYSE:CODI) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 624,166 shares of the financial services provider’s stock after selling 11,370 shares during the period. Compass Diversified Holdings makes up about 2.7% of Essex Financial Services Inc.’s portfolio, making the stock its 7th largest holding. Essex Financial Services Inc. owned approximately 1.04% of Compass Diversified Holdings worth $11,079,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Compass Diversified Holdings by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 2,298,112 shares of the financial services provider’s stock valued at $40,791,000 after purchasing an additional 97,521 shares during the last quarter. Csenge Advisory Group bought a new position in Compass Diversified Holdings in the 3rd quarter valued at approximately $186,000. Gilman Hill Asset Management LLC lifted its stake in Compass Diversified Holdings 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 purchasing an additional 5,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Compass Diversified Holdings by 23.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 52,291 shares of the financial services provider’s stock valued at $913,000 after purchasing an additional 9,882 shares during the last quarter. Finally, State Street Corp increased its position in Compass Diversified Holdings 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 acquiring an additional 276 shares during the period. 33.24% of the stock is owned by institutional investors.
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Several equities research analysts have recently weighed in on the stock. ValuEngine cut shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. BidaskClub lowered shares of Compass Diversified Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Jefferies Group LLC reissued a “buy” rating and set a $20.00 price target on shares of Compass Diversified Holdings in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Compass Diversified Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.50.
Compass Diversified Holdings (NYSE:CODI) traded down $0.05 during midday trading on Friday, reaching $16.70. 20,772 shares of the company were exchanged, compared to its average volume of 170,381. Compass Diversified Holdings has a 1-year low of $15.90 and a 1-year high of $19.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.41 and a quick ratio of 1.28.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 19th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $1.44 annualized dividend and a yield of 8.62%. Compass Diversified Holdings’s dividend payout ratio is currently -261.82%.
Compass Diversified Holdings 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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