Barclays PLC Purchases 79,086 Shares of Compass Diversified (NYSE:CODI)

Barclays PLC increased its stake in Compass Diversified (NYSE:CODI - Free Report) by 296.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,774 shares of the financial services provider's stock after acquiring an additional 79,086 shares during the quarter. Barclays PLC owned about 0.14% of Compass Diversified worth $2,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI raised its holdings in shares of Compass Diversified by 11.5% during the third quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider's stock valued at $4,876,000 after purchasing an additional 22,792 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Compass Diversified by 5.1% in the third quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider's stock valued at $260,000 after acquiring an additional 572 shares in the last quarter. De Lisle Partners LLP bought a new position in Compass Diversified during the third quarter valued at about $339,000. BNP Paribas Financial Markets raised its holdings in shares of Compass Diversified by 10.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,360 shares of the financial services provider's stock worth $318,000 after purchasing an additional 1,331 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Compass Diversified during the 3rd quarter valued at $173,000. Institutional investors and hedge funds own 72.73% of the company's stock.

Insider Activity

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following the transaction, the insider now directly owns 7,456,197 shares of the company's stock, valued at approximately $171,865,340.85. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, TD Cowen began coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They issued a "buy" rating and a $34.00 price target on the stock.

Compass Diversified Stock Up 0.7 %

Shares of Compass Diversified stock traded up $0.16 during midday trading on Thursday, hitting $23.39. The company had a trading volume of 123,853 shares, compared to its average volume of 207,122. The company has a 50 day moving average of $22.71 and a 200 day moving average of $22.11. The stock has a market capitalization of $1.77 billion, a P/E ratio of 48.73, a P/E/G ratio of 1.54 and a beta of 1.66. Compass Diversified has a 52-week low of $19.76 and a 52-week high of $25.07. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22.

Compass Diversified (NYSE:CODI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. The company had revenue of $582.62 million for the quarter, compared to the consensus estimate of $571.68 million. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. Compass Diversified's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities analysts predict that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Compass Diversified Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were paid a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.28%. Compass Diversified's dividend payout ratio is presently 208.33%.

Compass Diversified 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.