Gilman Hill Asset Management LLC Sells 15,402 Shares of Compass Diversified (NYSE:CODI)

Gilman Hill Asset Management LLC decreased its position in Compass Diversified (NYSE:CODI - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,372 shares of the financial services provider's stock after selling 15,402 shares during the period. Compass Diversified makes up approximately 1.5% of Gilman Hill Asset Management LLC's holdings, making the stock its 17th biggest position. Gilman Hill Asset Management LLC owned 0.49% of Compass Diversified worth $8,641,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Compass Diversified by 562.8% during the 2nd quarter. Renaissance Technologies LLC now owns 103,400 shares of the financial services provider's stock valued at $2,263,000 after purchasing an additional 87,800 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Compass Diversified during the second quarter valued at $200,000. Inspire Investing LLC boosted its position in shares of Compass Diversified by 8.4% during the second quarter. Inspire Investing LLC now owns 16,166 shares of the financial services provider's stock valued at $354,000 after buying an additional 1,254 shares during the last quarter. Sei Investments Co. increased its holdings in Compass Diversified by 9.2% in the 2nd quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider's stock worth $15,392,000 after buying an additional 59,172 shares in the last quarter. Finally, Truist Financial Corp raised its position in Compass Diversified by 1.6% in the 2nd quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider's stock worth $1,067,000 after buying an additional 748 shares during the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. TD Cowen initiated coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They issued a "buy" rating and a $34.00 price target for the company. B. Riley upgraded shares of Compass Diversified to a "strong-buy" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $29.00.

Insider Buying and Selling

In related news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $23.05, for a total value of $3,118,065.70. Following the completion of the sale, the insider now directly owns 7,456,197 shares of the company's stock, valued at approximately $171,865,340.85. This represents a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.76% of the stock is owned by insiders.

Compass Diversified Stock Performance

Shares of Compass Diversified stock traded up $0.05 during trading hours on Monday, reaching $21.52. 180,483 shares of the stock traded hands, compared to its average volume of 169,295. Compass Diversified has a one year low of $19.76 and a one year high of $25.07. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 44.84, a P/E/G ratio of 1.20 and a beta of 1.65. 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 company has a 50 day moving average price of $22.99 and a 200 day moving average price of $22.13.

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

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 4.65%. Compass Diversified's dividend payout ratio (DPR) is 208.33%.

Compass Diversified Company 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.