International Assets Investment Management LLC Invests $1.06 Million in Compass Diversified (NYSE:CODI)

International Assets Investment Management LLC purchased a new stake in Compass Diversified (NYSE:CODI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 47,801 shares of the financial services provider's stock, valued at approximately $1,058,000. International Assets Investment Management LLC owned approximately 0.06% of Compass Diversified at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CODI. HHM Wealth Advisors LLC bought a new position in shares of Compass Diversified in the 2nd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Compass Diversified in the second quarter valued at $53,000. Ridgewood Investments LLC acquired a new position in shares of Compass Diversified during the second quarter valued at about $55,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Compass Diversified during the second quarter worth about $137,000. Finally, Van ECK Associates Corp raised its holdings in shares of Compass Diversified by 20.4% in the 2nd quarter. Van ECK Associates Corp now owns 7,571 shares of the financial services provider's stock worth $166,000 after acquiring an additional 1,285 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company's stock.

Compass Diversified Stock Up 1.3 %

CODI stock traded up $0.27 during mid-day trading on Tuesday, reaching $21.30. 149,184 shares of the company traded hands, compared to its average volume of 204,522. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 1.39 and a beta of 1.67. Compass Diversified has a fifty-two week low of $18.19 and a fifty-two week high of $25.07. The firm's 50 day moving average price is $21.30 and its 200 day moving average price is $21.85. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51.

Compass Diversified (NYSE:CODI - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.10. The business had revenue of $582.62 million during the quarter, compared to analyst estimates of $571.68 million. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. Compass Diversified's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. As a group, equities research analysts predict that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The firm also recently announced 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 4.69%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified's dividend payout ratio is presently 208.33%.

Insider Buying and Selling at Compass Diversified

In related news, insider Patrick A. Maciariello acquired 5,000 shares of the stock in a transaction on Friday, September 20th. The shares were acquired at an average price of $21.87 per share, with a total value of $109,350.00. Following the completion of the transaction, the insider now owns 228,518 shares in the company, valued at approximately $4,997,688.66. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.76% of the company's stock.

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.