Royce & Associates LP increased its holdings in shares of Compass Diversified (NYSE:CODI - Free Report) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 857,781 shares of the financial services provider's stock after purchasing an additional 40,247 shares during the quarter. Royce & Associates LP owned 1.13% of Compass Diversified worth $18,983,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC acquired a new stake in shares of Compass Diversified during the second quarter worth about $33,000. Farther Finance Advisors LLC lifted its stake in Compass Diversified by 273.6% in the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider's stock valued at $49,000 after buying an additional 1,625 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Compass Diversified in the second quarter valued at approximately $53,000. Ridgewood Investments LLC purchased a new stake in Compass Diversified in the 2nd quarter valued at $55,000. Finally, Nisa Investment Advisors LLC grew its position in 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 worth $68,000 after purchasing an additional 2,000 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.
Compass Diversified Stock Performance
Shares of NYSE:CODI traded up $0.16 on Friday, reaching $22.95. The company's stock had a trading volume of 175,535 shares, compared to its average volume of 205,983. Compass Diversified has a 52-week low of $19.76 and a 52-week high of $25.07. The stock has a market capitalization of $1.74 billion, a P/E ratio of 47.81, a PEG ratio of 1.49 and a beta of 1.67. The stock's 50-day moving average is $21.52 and its two-hundred day moving average is $21.86. 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 (NYSE:CODI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The firm had revenue of $582.62 million during the quarter, compared to the consensus estimate of $571.68 million. During the same period in the prior year, the business earned $0.34 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Compass Diversified will post 1.95 EPS for the current year.
Compass Diversified Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Thursday, October 17th. Compass Diversified's dividend payout ratio is presently 208.33%.
Insider Activity at Compass Diversified
In related news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the transaction, the insider now owns 7,456,197 shares of the company's stock, valued at $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Patrick A. Maciariello acquired 5,000 shares of Compass Diversified stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of $21.87 per share, with a total value of $109,350.00. Following the purchase, the insider now directly owns 228,518 shares of the company's stock, valued at approximately $4,997,688.66. This trade represents a 2.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by insiders.
Compass Diversified Company Profile
(
Free Report)
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.
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