American Century Companies Inc. Has $122.12 Million Holdings in Compass Diversified (NYSE:CODI)

American Century Companies Inc. decreased its stake in Compass Diversified (NYSE:CODI) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,291,102 shares of the financial services provider’s stock after selling 144,828 shares during the quarter. American Century Companies Inc. owned approximately 6.99% of Compass Diversified worth $122,119,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Promus Capital LLC acquired a new stake in shares of Compass Diversified during the fourth quarter worth approximately $30,000. Millstone Evans Group LLC acquired a new stake in Compass Diversified during the 4th quarter valued at $32,000. BankPlus Trust Department acquired a new stake in Compass Diversified during the 4th quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Compass Diversified by 29.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 729 shares in the last quarter. Finally, Quest Partners LLC raised its position in Compass Diversified by 245.7% in the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 5,288 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Price Performance

Shares of CODI stock opened at $19.10 on Monday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. Compass Diversified has a 12-month low of $18.88 and a 12-month 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. The firm has a fifty day moving average of $20.69 and a 200-day moving average of $21.68.

Compass Diversified Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CODI. TD Cowen assumed coverage on Compass Diversified in a report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th.

Compass Diversified Company 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.