Renaissance Technologies LLC cut its stake in Compass Diversified Holdings (NYSE:CODI) by 47.5% during the first quarter, Holdings Channel reports. The institutional investor owned 199,623 shares of the financial services provider’s stock after selling 180,556 shares during the period. Renaissance Technologies LLC’s holdings in Compass Diversified Holdings were worth $3,314,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CODI. American Century Companies Inc. boosted its position in shares of Compass Diversified Holdings by 18.1% in the first quarter. American Century Companies Inc. now owns 2,029,803 shares of the financial services provider’s stock valued at $33,695,000 after buying an additional 311,075 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Compass Diversified Holdings by 11.8% in the first quarter. Schroder Investment Management Group now owns 1,065,877 shares of the financial services provider’s stock valued at $17,480,000 after buying an additional 112,677 shares during the last quarter. Essex Financial Services Inc. boosted its position in shares of Compass Diversified Holdings by 9.0% in the first quarter. Essex Financial Services Inc. now owns 619,076 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 51,250 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Compass Diversified Holdings by 261.2% in the first quarter. North Star Investment Management Corp. now owns 35,125 shares of the financial services provider’s stock valued at $583,000 after buying an additional 25,400 shares during the last quarter. Finally, Searle & CO. purchased a new position in shares of Compass Diversified Holdings during the first quarter valued at approximately $361,000. 37.06% of the stock is currently owned by institutional investors.

Shares of Compass Diversified Holdings (NYSE CODI) remained flat at $17.25 on Friday. The stock had a trading volume of 149,779 shares. The stock has a 50-day moving average price of $17.36 and a 200-day moving average price of $16.86. The firm’s market cap is $1.03 billion. Compass Diversified Holdings has a 12 month low of $15.90 and a 12 month high of $19.50.

Compass Diversified Holdings (NYSE:CODI) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.90. Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The business had revenue of $307.38 million for the quarter, compared to analyst estimates of $302.86 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 43.5% compared to the same quarter last year. Analysts anticipate that Compass Diversified Holdings will post $1.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 8.35%. The ex-dividend date was Tuesday, July 18th. Compass Diversified Holdings’s dividend payout ratio is -276.92%.

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Several brokerages have commented on CODI. Zacks Investment Research upgraded shares of Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a report on Monday. ValuEngine cut shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a report on Friday, July 14th. BidaskClub cut shares of Compass Diversified Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, TheStreet upgraded shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.25.

In other news, insider Alan B. Offenberg acquired 60,000 shares of the stock in a transaction on Thursday, June 22nd. The shares were purchased at an average price of $16.84 per share, for a total transaction of $1,010,400.00. Following the transaction, the insider now directly owns 500,852 shares of the company’s stock, valued at $8,434,347.68. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James Bottiglieri acquired 3,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of $16.24 per share, for a total transaction of $48,720.00. Following the transaction, the insider now directly owns 45,462 shares in the company, valued at $738,302.88. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

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.

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

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