Compass Diversified (NYSE:CODI) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in Compass Diversified (NYSE:CODI) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,296 shares of the financial services provider’s stock after purchasing an additional 817 shares during the period. D.A. Davidson & CO. owned approximately 0.10% of Compass Diversified worth $1,733,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Compass Diversified by 14.0% during the second quarter. Bank of New York Mellon Corp now owns 240,161 shares of the financial services provider’s stock worth $5,257,000 after buying an additional 29,580 shares during the period. Sei Investments Co. increased its stake in Compass Diversified by 9.2% during the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock worth $15,392,000 after purchasing an additional 59,172 shares during the period. Essex Financial Services Inc. increased its stake in Compass Diversified by 20.2% during the third quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock worth $27,372,000 after purchasing an additional 218,394 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Compass Diversified during the third quarter worth about $1,058,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Compass Diversified by 3.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock valued at $94,224,000 after purchasing an additional 140,384 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

Insider Activity at Compass Diversified

In related news, insider Patrick A. Maciariello bought 5,000 shares of the stock in a transaction on Friday, September 20th. The shares were purchased at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the acquisition, the insider now owns 228,518 shares in the company, valued at $4,997,688.66. This represents a 2.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following 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 1.78 % decrease in their position. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, TD Cowen started coverage on shares of Compass Diversified in a report on Wednesday. They set a “buy” rating and a $34.00 target price on the stock.

Compass Diversified Price Performance

CODI stock opened at $23.70 on Friday. The business’s 50-day moving average is $21.99 and its two-hundred day moving average is $21.96. Compass Diversified has a 1 year low of $19.76 and a 1 year high of $25.07. 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 firm has a market capitalization of $1.79 billion, a P/E ratio of 49.38, a P/E/G ratio of 1.52 and a beta of 1.67.

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

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were given a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. Compass Diversified’s dividend payout ratio is presently 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.