Ameriprise Financial Inc. grew its stake in Compass Diversified Holdings (NYSE:CODI) by 29.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,741 shares of the financial services provider’s stock after acquiring an additional 9,267 shares during the quarter. Ameriprise Financial Inc. owned about 0.07% of Compass Diversified Holdings worth $711,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legal & General Group Plc lifted its position in Compass Diversified Holdings by 6.7% during the first quarter. Legal & General Group Plc now owns 128,323 shares of the financial services provider’s stock worth $2,133,000 after buying an additional 8,029 shares during the period. Morgan Stanley lifted its position in Compass Diversified Holdings by 1.5% during the first quarter. Morgan Stanley now owns 483,861 shares of the financial services provider’s stock worth $8,033,000 after buying an additional 7,296 shares during the period. Bank of America Corp DE lifted its position in Compass Diversified Holdings by 40.5% during the first quarter. Bank of America Corp DE now owns 131,202 shares of the financial services provider’s stock worth $2,178,000 after buying an additional 37,825 shares during the period. Credit Suisse AG lifted its position in Compass Diversified Holdings by 8.9% during the first quarter. Credit Suisse AG now owns 62,562 shares of the financial services provider’s stock worth $1,039,000 after buying an additional 5,108 shares during the period. Finally, North Star Investment Management Corp. lifted its position in Compass Diversified Holdings by 7.1% during the second quarter. North Star Investment Management Corp. now owns 37,632 shares of the financial services provider’s stock worth $657,000 after buying an additional 2,507 shares during the period. Institutional investors and hedge funds own 33.24% of the company’s stock.

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Compass Diversified Holdings (NYSE:CODI) opened at $16.55 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.41 and a quick ratio of 1.28. Compass Diversified Holdings has a 12-month low of $15.90 and a 12-month high of $19.50.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders 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 8.70%. Compass Diversified Holdings’s dividend payout ratio is presently -123.08%.

CODI has been the topic of several recent analyst reports. BidaskClub upgraded Compass Diversified Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded Compass Diversified Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. ValuEngine downgraded Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $20.00 target price on shares of Compass Diversified Holdings in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. Compass Diversified Holdings currently has an average rating of “Hold” and an average target price of $19.50.

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.

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

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