Shell Asset Management Co. continued to hold its stake in shares of Compass Diversified Holdings (NYSE:CODI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,969 shares of the financial services provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Compass Diversified Holdings were worth $750,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of Compass Diversified Holdings by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 165,849 shares of the financial services provider’s stock worth $2,753,000 after buying an additional 3,070 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Compass Diversified Holdings by 21.2% in the first quarter. IFP Advisors Inc now owns 6,558 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,145 shares during the last quarter. North Star Investment Management Corp. increased its stake 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 worth $583,000 after buying an additional 25,400 shares during the last quarter. Searle & CO. bought a new stake in shares of Compass Diversified Holdings during the first quarter worth about $361,000. Finally, American Century Companies Inc. increased its stake 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 worth $33,695,000 after buying an additional 311,075 shares during the last quarter. 37.06% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Holdings (CODI) opened at 17.25 on Friday. The company has a 50 day moving average of $17.36 and a 200-day moving average of $16.86. Compass Diversified Holdings has a 12-month low of $15.90 and a 12-month high of $19.50. The stock’s market cap is $1.03 billion.

Compass Diversified Holdings (NYSE:CODI) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.90. Compass Diversified Holdings had a return on equity of 6.42% and a net margin of 2.20%. The business had revenue of $307.38 million during the quarter, compared to analyst estimates of $302.86 million. During the same quarter last year, the company posted $0.33 EPS. Compass Diversified Holdings’s quarterly revenue was up 43.5% compared to the same quarter last year. Equities analysts forecast 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. Investors of record on Thursday, July 20th were issued a $0.36 dividend. The ex-dividend date was Tuesday, July 18th. This represents a $1.44 annualized dividend and a yield of 8.35%. Compass Diversified Holdings’s dividend payout ratio (DPR) is presently -276.92%.

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A number of equities analysts recently issued reports on CODI shares. Zacks Investment Research raised shares of Compass Diversified Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Compass Diversified Holdings in a report on Thursday, June 8th. BidaskClub raised shares of Compass Diversified Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. TheStreet raised shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a report on Friday, July 7th. Finally, ValuEngine downgraded shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.25.

In other Compass Diversified Holdings news, insider James Bottiglieri purchased 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $16.24 per share, for a total transaction of $48,720.00. Following the acquisition, the insider now owns 45,462 shares in the company, valued at $738,302.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alan B. Offenberg purchased 60,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was acquired at an average price of $16.84 per share, for a total transaction of $1,010,400.00. Following the acquisition, the insider now owns 500,852 shares in the company, valued at approximately $8,434,347.68. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

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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