Compass Diversified (NYSE:CODI) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in Compass Diversified (NYSE:CODI) by 23.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,319 shares of the financial services provider’s stock after buying an additional 1,748 shares during the period. Van ECK Associates Corp’s holdings in Compass Diversified were worth $195,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. GFS Advisors LLC boosted its holdings in shares of Compass Diversified by 4,900.0% in the 3rd quarter. GFS Advisors LLC now owns 17,500 shares of the financial services provider’s stock valued at $387,000 after buying an additional 17,150 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Compass Diversified by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 219,229 shares of the financial services provider’s stock valued at $4,852,000 after buying an additional 933 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Compass Diversified by 273.6% in the 3rd 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 period. Hunter Associates Investment Management LLC boosted its holdings in shares of Compass Diversified by 11.7% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 26,700 shares of the financial services provider’s stock valued at $589,000 after buying an additional 2,800 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Compass Diversified by 190.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after buying an additional 2,000 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the completion of the transaction, the insider now directly owns 7,456,197 shares of the company’s stock, valued at $171,865,340.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Patrick A. Maciariello purchased 5,000 shares of Compass Diversified stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $21.87 per share, with a total value of $109,350.00. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 7,456,197 shares of the company’s stock, valued at approximately $171,865,340.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.

Compass Diversified Trading Down 0.5 %

Compass Diversified stock opened at $23.15 on Thursday. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $21.40 and a two-hundred day moving average price of $21.85. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 1.50 and a beta of 1.67. Compass Diversified has a 52-week low of $18.84 and a 52-week high of $25.07.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The firm had revenue of $582.62 million during the quarter, compared to analyst estimates of $571.68 million. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. Compass Diversified’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. Sell-side analysts expect that Compass Diversified will post 1.95 earnings per share for the current year.

Compass Diversified Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

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.