Compass Diversified (NYSE:CODI) is Essex Financial Services Inc.'s 8th Largest Position

Essex Financial Services Inc. raised its position in Compass Diversified (NYSE:CODI - Free Report) by 20.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,302,174 shares of the financial services provider's stock after purchasing an additional 218,394 shares during the period. Compass Diversified comprises about 1.3% of Essex Financial Services Inc.'s investment portfolio, making the stock its 8th largest position. Essex Financial Services Inc. owned about 1.73% of Compass Diversified worth $27,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Compass Diversified by 3.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider's stock valued at $94,224,000 after acquiring an additional 140,384 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Compass Diversified by 8.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider's stock valued at $45,079,000 after acquiring an additional 150,990 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Compass Diversified by 186.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider's stock valued at $32,932,000 after acquiring an additional 890,413 shares during the last quarter. Sei Investments Co. increased its stake in shares of Compass Diversified by 9.2% during the 2nd quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider's stock valued at $15,392,000 after acquiring an additional 59,172 shares during the last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in shares of Compass Diversified by 1.3% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 389,774 shares of the financial services provider's stock valued at $8,626,000 after acquiring an additional 4,926 shares during the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Compass Diversified Trading Down 1.2 %

Shares of NYSE CODI traded down $0.25 on Friday, reaching $20.55. 98,555 shares of the company traded hands, compared to its average volume of 205,629. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07. The company has a 50 day moving average of $21.38 and a 200 day moving average of $21.95. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $1.55 billion, a PE ratio of 120.88, a P/E/G ratio of 1.38 and a beta of 1.67.

Compass Diversified (NYSE:CODI - Get Free Report) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.39. The firm had revenue of $542.60 million during the quarter, compared to the consensus estimate of $550.45 million. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. On average, equities research analysts forecast that Compass Diversified will post 1.9 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Thursday, October 17th. Compass Diversified's dividend payout ratio (DPR) is presently 588.24%.

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.