Short Interest in Compass Diversified (NYSE:CODI) Declines By 16.1%

Compass Diversified (NYSE:CODI) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 771,300 shares, a decrease of 16.1% from the October 15th total of 918,800 shares. Based on an average trading volume of 189,600 shares, the days-to-cover ratio is presently 4.1 days.

Compass Diversified Stock Up 0.7 %

CODI stock opened at $22.95 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The stock has a market capitalization of $1.74 billion, a P/E ratio of 47.81, a P/E/G ratio of 1.48 and a beta of 1.67. The business has a 50-day moving average of $21.52 and a 200-day moving average of $21.86. Compass Diversified has a fifty-two week low of $19.76 and a fifty-two week high of $25.07.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. The company had revenue of $582.62 million during the quarter, compared to analysts’ expectations of $571.68 million. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. Compass Diversified’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, sell-side analysts anticipate that Compass Diversified will post 1.95 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.36%. Compass Diversified’s dividend payout ratio is currently 208.33%.

Insiders Place Their Bets

In related news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 7,456,197 shares in the company, valued at $171,865,340.85. This trade 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 hyperlink. Also, insider Patrick A. Maciariello bought 5,000 shares of Compass Diversified stock in a transaction that occurred on 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 completion of the purchase, the insider now owns 228,518 shares in the company, valued at approximately $4,997,688.66. This trade represents a 2.24 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Compass Diversified by 81.9% during the first quarter. BNP Paribas Financial Markets now owns 31,139 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 14,020 shares during the last quarter. SG Americas Securities LLC acquired a new position in Compass Diversified during the first quarter valued at approximately $252,000. Swiss National Bank boosted its position in Compass Diversified by 5.0% during the first quarter. Swiss National Bank now owns 133,900 shares of the financial services provider’s stock valued at $3,223,000 after purchasing an additional 6,400 shares during the last quarter. ProShare Advisors LLC boosted its position in Compass Diversified by 18.0% during the first quarter. ProShare Advisors LLC now owns 21,799 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 3,318 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in Compass Diversified by 9.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 52,162 shares of the financial services provider’s stock valued at $1,254,000 after purchasing an additional 4,408 shares during the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Company 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.