Compass Diversified (NYSE:CODI) Short Interest Down 9.0% in October

Compass Diversified (NYSE:CODI - Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 918,800 shares, a decline of 9.0% from the September 30th total of 1,010,000 shares. Based on an average daily volume of 205,200 shares, the short-interest ratio is presently 4.5 days.

Compass Diversified Stock Performance

NYSE CODI traded down $0.70 during trading hours on Friday, reaching $21.00. The stock had a trading volume of 200,570 shares, compared to its average volume of 204,806. Compass Diversified has a 52-week low of $17.36 and a 52-week high of $25.07. The stock has a fifty day moving average of $21.35 and a 200 day moving average of $21.89. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.65 and a current ratio of 4.18. The stock has a market cap of $1.59 billion, a P/E ratio of 43.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.67.

Compass Diversified (NYSE:CODI - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.44 by $0.39. The business had revenue of $542.60 million for the quarter, compared to the consensus estimate of $550.45 million. Compass Diversified had a net margin of 6.24% and a return on equity of 12.21%. Sell-side analysts predict that Compass Diversified will post 1.9 earnings per share for the current year.

Compass Diversified Dividend Announcement

The firm also recently disclosed 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 4.76%. The ex-dividend date was Thursday, October 17th. Compass Diversified's dividend payout ratio (DPR) is currently 208.33%.

Insider Buying and Selling at Compass Diversified

In other news, insider Patrick A. Maciariello acquired 5,000 shares of Compass Diversified stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average price 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. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Ryan J. Faulkingham purchased 2,000 shares of the business's stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the purchase, the insider now owns 35,950 shares of the company's stock, valued at $725,111.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patrick A. Maciariello purchased 5,000 shares of the firm's stock in a transaction on Friday, September 20th. The stock was bought at an average cost of $21.87 per share, with a total value of $109,350.00. Following the acquisition, the insider now owns 228,518 shares of the company's stock, valued at approximately $4,997,688.66. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.76% of the stock is owned by insiders.

Institutional Trading of Compass Diversified

Several large investors have recently made changes to their positions in CODI. HHM Wealth Advisors LLC acquired a new position in shares of Compass Diversified in the 2nd quarter valued at $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 during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Compass Diversified in the 2nd quarter valued at $53,000. Ridgewood Investments LLC acquired a new position in shares of Compass Diversified in the 2nd quarter valued at $55,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Compass Diversified by 190.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 2,000 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

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.