Compass Diversified (NYSE:CODI) Shares Acquired by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. lifted its position in shares of Compass Diversified (NYSE:CODI) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,032 shares of the financial services provider’s stock after buying an additional 3,801 shares during the period. Compass Diversified makes up about 3.7% of SMH Capital Advisors Inc.’s holdings, making the stock its 5th biggest holding. SMH Capital Advisors Inc.’s holdings in Compass Diversified were worth $1,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Compass Diversified by 0.5% in the third quarter. Vanguard Group Inc. now owns 5,043,989 shares of the financial services provider’s stock valued at $94,676,000 after purchasing an additional 23,041 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Compass Diversified by 21,508.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,690,210 shares of the financial services provider’s stock valued at $82,845,000 after acquiring an additional 3,673,132 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Compass Diversified by 0.7% in the third quarter. The Manufacturers Life Insurance Company now owns 1,507,150 shares of the financial services provider’s stock valued at $28,289,000 after acquiring an additional 10,570 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Compass Diversified by 12.2% in the third quarter. Blair William & Co. IL now owns 723,211 shares of the financial services provider’s stock valued at $13,575,000 after acquiring an additional 78,397 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Compass Diversified by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 587,194 shares of the financial services provider’s stock valued at $11,022,000 after acquiring an additional 23,950 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CODI has been the subject of several recent analyst reports. Bank of America increased their price objective on shares of Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, March 7th. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a report on Thursday, May 2nd. Finally, Oppenheimer increased their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Tuesday, March 5th.

Compass Diversified Price Performance

NYSE:CODI traded down $0.04 during trading hours on Wednesday, reaching $22.09. 39,849 shares of the company’s stock were exchanged, compared to its average volume of 205,704. The company has a market capitalization of $1.67 billion, a P/E ratio of 130.18 and a beta of 1.72. Compass Diversified has a 12 month low of $16.88 and a 12 month high of $25.07. The company has a quick ratio of 1.64, a current ratio of 4.08 and a debt-to-equity ratio of 1.43. The business’s 50-day simple moving average is $23.27 and its two-hundred day simple moving average is $21.84.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The business had revenue of $566.99 million for the quarter, compared to the consensus estimate of $581.07 million. Compass Diversified had a return on equity of 11.71% and a net margin of 4.61%. Sell-side analysts expect that Compass Diversified will post 1.93 EPS for the current fiscal year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Wednesday, April 17th. Compass Diversified’s dividend payout ratio is 588.27%.

Insider Buying and Selling

In related news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $24.92, for a total value of $187,149.20. Following the completion of the transaction, the insider now owns 7,991,471 shares of the company’s stock, valued at approximately $199,147,457.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.76% of the company’s stock.

Compass Diversified Profile

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.