Compass Diversified (NYSE:CODI) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI increased its stake in shares of Compass Diversified (NYSE:CODI - Free Report) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,338 shares of the financial services provider's stock after acquiring an additional 22,792 shares during the quarter. National Bank of Canada FI owned about 0.29% of Compass Diversified worth $4,876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wedbush Securities Inc. lifted its holdings in shares of Compass Diversified by 2.1% in the 2nd quarter. Wedbush Securities Inc. now owns 28,405 shares of the financial services provider's stock valued at $622,000 after purchasing an additional 571 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Compass Diversified by 5.1% during the third quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider's stock worth $260,000 after buying an additional 572 shares during the period. Truist Financial Corp lifted its stake in Compass Diversified by 1.6% in the second quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider's stock valued at $1,067,000 after buying an additional 748 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Compass Diversified by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 15,830 shares of the financial services provider's stock valued at $350,000 after acquiring an additional 755 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Compass Diversified by 1.1% during the third quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider's stock worth $1,733,000 after acquiring an additional 817 shares during the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the sale, the insider now owns 7,456,197 shares of the company's stock, valued at $171,865,340.85. The trade was a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick A. Maciariello acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of $21.87 per share, with a total value of $109,350.00. Following the completion of the purchase, the insider now directly owns 228,518 shares in the company, valued at $4,997,688.66. This represents a 2.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by company insiders.

Compass Diversified Stock Performance

Shares of NYSE CODI traded down $0.13 during mid-day trading on Friday, hitting $23.62. 127,578 shares of the company were exchanged, compared to its average volume of 205,185. 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 market cap of $1.79 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. The stock has a 50 day simple moving average of $22.31 and a 200-day simple moving average of $22.05. Compass Diversified has a 1-year low of $19.76 and a 1-year high of $25.07.

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

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Thursday, October 17th. Compass Diversified's dividend payout ratio is presently 208.33%.

Analyst Upgrades and Downgrades

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

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.