Compass Diversified (NYSE:CODI) Shares Bought by Arizona State Retirement System

Arizona State Retirement System increased its holdings in shares of Compass Diversified (NYSE:CODI – Get Rating) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,215 shares of the financial services provider’s stock after purchasing an additional 1,053 shares during the period. Arizona State Retirement System’s holdings in Compass Diversified were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Compass Diversified by 3.5% in the third quarter. Vanguard Group Inc. now owns 4,925,871 shares of the financial services provider’s stock valued at $88,962,000 after purchasing an additional 166,599 shares during the last quarter. BlackRock Inc. lifted its holdings in Compass Diversified by 4.6% during the 3rd quarter. BlackRock Inc. now owns 3,178,926 shares of the financial services provider’s stock worth $57,412,000 after buying an additional 140,187 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Compass Diversified by 25.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,207,792 shares of the financial services provider’s stock worth $21,813,000 after buying an additional 242,558 shares during the last quarter. State Street Corp lifted its holdings in Compass Diversified by 13.8% during the 3rd quarter. State Street Corp now owns 988,181 shares of the financial services provider’s stock worth $17,847,000 after buying an additional 119,577 shares during the last quarter. Finally, Essex Financial Services Inc. increased its position in shares of Compass Diversified by 0.4% during the third quarter. Essex Financial Services Inc. now owns 795,387 shares of the financial services provider’s stock worth $14,365,000 after purchasing an additional 2,887 shares in the last quarter. Institutional investors and hedge funds own 48.47% of the company’s stock.

Compass Diversified Stock Performance

Shares of CODI stock opened at $20.00 on Monday. The stock has a market capitalization of $1.44 billion, a PE ratio of 21.98 and a beta of 1.75. Compass Diversified has a 52-week low of $16.32 and a 52-week high of $25.94. The stock’s 50-day moving average price is $18.90 and its 200 day moving average price is $19.57. The company has a quick ratio of 1.29, a current ratio of 3.50 and a debt-to-equity ratio of 1.47.

Compass Diversified (NYSE:CODI – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.14). Compass Diversified had a net margin of 5.24% and a return on equity of 7.27%. The company had revenue of $594.92 million during the quarter, compared to analyst estimates of $598.74 million. As a group, equities research analysts forecast that Compass Diversified will post 1.57 EPS for the current year.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 27th. Shareholders of record on Thursday, April 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.00%. The ex-dividend date was Wednesday, April 19th. Compass Diversified’s payout ratio is 109.89%.

Insiders Place Their Bets

In other Compass Diversified news, insider Elias Sabo bought 4,784 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were bought at an average price of $19.37 per share, for a total transaction of $92,666.08. Following the transaction, the insider now owns 269,181 shares of the company’s stock, valued at approximately $5,214,035.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Compass Diversified news, major shareholder Anholt Investments Ltd. purchased 5,092 shares of the business’s stock in a transaction on Monday, March 20th. The stock was bought at an average cost of $17.97 per share, for a total transaction of $91,503.24. Following the acquisition, the insider now owns 7,942,974 shares of the company’s stock, valued at approximately $142,735,242.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elias Sabo purchased 4,784 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $19.37 per share, with a total value of $92,666.08. Following the completion of the acquisition, the insider now directly owns 269,181 shares in the company, valued at approximately $5,214,035.97. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 24,020 shares of company stock worth $449,652. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CODI has been the topic of a number of research analyst reports. B. Riley reiterated a “buy” rating on shares of Compass Diversified in a research report on Wednesday, April 12th. StockNews.com started coverage on Compass Diversified in a research report on Thursday. They set a “hold” rating on the stock.

Compass Diversified Company Profile

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Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire.