Compass Diversified (NYSE:CODI) Short Interest Down 16.1% in October

Compass Diversified (NYSE:CODI - Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 771,300 shares, a drop of 16.1% from the October 15th total of 918,800 shares. Based on an average daily trading volume, of 189,600 shares, the short-interest ratio is currently 4.1 days.

Compass Diversified Price Performance

Shares of CODI traded up $0.16 during mid-day trading on Friday, hitting $22.95. 175,535 shares of the company traded hands, compared to its average volume of 205,983. The business has a 50-day moving average of $21.52 and a 200 day moving average of $21.86. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 47.81, a PEG ratio of 1.49 and a beta of 1.67. Compass Diversified has a one year low of $19.76 and a one year high of $25.07. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51.

Compass Diversified (NYSE:CODI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. The business had revenue of $582.62 million for the quarter, compared to analyst estimates 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 was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, equities analysts expect that Compass Diversified will post 1.95 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The company 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 4.36%. The ex-dividend date was Thursday, October 17th. Compass Diversified's dividend payout ratio is currently 208.33%.

Insider Activity at Compass Diversified

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in Compass Diversified by 296.3% in the 3rd quarter. Barclays PLC now owns 105,774 shares of the financial services provider's stock valued at $2,341,000 after buying an additional 79,086 shares during the last quarter. National Bank of Canada FI boosted 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 worth $4,876,000 after acquiring an additional 22,792 shares during the period. Rockefeller Capital Management L.P. increased its position in Compass Diversified by 5.1% during the 3rd 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. De Lisle Partners LLP acquired a new stake in Compass Diversified in the 3rd quarter worth about $339,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Compass Diversified by 10.2% during the third 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. 72.73% of the stock is currently owned by institutional investors.

About Compass Diversified

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.