Compass Diversified (NYSE:CODI) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lifted its position in shares of Compass Diversified (NYSE:CODI - Free Report) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,637,603 shares of the financial services provider's stock after buying an additional 23,104 shares during the quarter. Lord Abbett & CO. LLC owned approximately 2.16% of Compass Diversified worth $36,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CODI. HHM Wealth Advisors LLC purchased a new stake in shares of Compass Diversified during the second quarter worth about $33,000. Farther Finance Advisors LLC lifted its stake in shares of Compass Diversified by 273.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 1,625 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Compass Diversified in the second quarter worth $55,000. Nisa Investment Advisors LLC raised its holdings in shares of Compass Diversified by 190.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider's stock valued at $68,000 after buying an additional 2,000 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Compass Diversified in the 2nd quarter valued at about $137,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Compass Diversified

In related news, insider Patrick A. Maciariello acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of $21.87 per share, for a total transaction of $109,350.00. Following 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the 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 sale, the insider now directly owns 7,456,197 shares in the company, valued at $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.76% of the company's stock.

Compass Diversified Stock Down 0.5 %

CODI traded down $0.13 during trading on Friday, hitting $23.62. The company had a trading volume of 127,582 shares, compared to its average volume of 205,385. The company has a market cap of $1.79 billion, a PE ratio of 49.21, a P/E/G ratio of 1.54 and a beta of 1.66. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. Compass Diversified has a 1-year low of $19.76 and a 1-year high of $25.07. The business has a 50-day moving average of $22.35 and a 200-day moving average of $22.06.

Compass Diversified (NYSE:CODI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 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 business had revenue of $582.62 million for the quarter, compared to analysts' expectations of $571.68 million. During the same quarter last year, the company posted $0.34 earnings per share. The company's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts forecast that Compass Diversified will post 1.96 earnings per share for the current year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified's dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analysts Forecast Growth

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

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.