Compass Diversified (NYSE:CODI) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in Compass Diversified (NYSE:CODI – Get Rating) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 45,433 shares of the financial services provider’s stock after acquiring an additional 514 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Compass Diversified were worth $828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CODI. Ensign Peak Advisors Inc acquired a new position in shares of Compass Diversified in the third quarter worth $29,000. Quantbot Technologies LP purchased a new stake in shares of Compass Diversified during the second quarter worth about $55,000. Evermay Wealth Management LLC purchased a new stake in shares of Compass Diversified during the fourth quarter worth about $57,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Compass Diversified by 129.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,847 shares of the financial services provider’s stock worth $124,000 after buying an additional 3,865 shares in the last quarter. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Compass Diversified during the fourth quarter worth about $147,000. Hedge funds and other institutional investors own 48.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. B. Riley restated a “buy” rating on shares of Compass Diversified in a report on Wednesday, April 12th. StockNews.com initiated coverage on Compass Diversified in a report on Thursday, May 18th. They set a “hold” rating on the stock.

Insider Buying and Selling at Compass Diversified

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

Compass Diversified Trading Up 0.6 %

Shares of CODI stock opened at $20.25 on Wednesday. The firm has a market cap of $1.46 billion, a P/E ratio of 22.25 and a beta of 1.75. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.50 and a quick ratio of 1.29. The firm’s 50-day simple moving average is $18.97 and its 200-day simple moving average is $19.57. Compass Diversified has a 1-year low of $16.32 and a 1-year high of $25.94.

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

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 27th. Investors of record on Thursday, April 20th were issued a $0.25 dividend. The ex-dividend date was Wednesday, April 19th. This represents a $1.00 annualized dividend and a yield of 4.94%. Compass Diversified’s payout ratio is 109.89%.

About Compass Diversified

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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.