Compass Diversified (NYSE:CODI) Short Interest Update

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

Insiders Place Their Bets

In related news, insider Patrick A. Maciariello bought 5,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average cost of $21.87 per share, with a total value of $109,350.00. Following the transaction, the insider now directly owns 228,518 shares in the company, valued at approximately $4,997,688.66. This trade represents a 2.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of Compass Diversified stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 7,456,197 shares in the company, valued at approximately $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Compass Diversified

Several institutional investors have recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new stake in Compass Diversified in the 2nd quarter worth about $33,000. Farther Finance Advisors LLC lifted its holdings in Compass Diversified by 273.6% during the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,625 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Compass Diversified in the second quarter worth $53,000. Ridgewood Investments LLC purchased a new stake in shares of Compass Diversified during the 2nd quarter valued at $55,000. 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 worth $68,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Trading Up 0.4 %

Shares of CODI traded up $0.10 during trading hours on Monday, hitting $23.05. 13,049 shares of the stock were exchanged, compared to its average volume of 205,118. Compass Diversified has a fifty-two week low of $19.76 and a fifty-two week high of $25.07. The business has a 50-day moving average of $21.52 and a 200-day moving average of $21.86. The firm has a market capitalization of $1.74 billion, a P/E ratio of 47.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.67. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62.

Compass Diversified (NYSE:CODI) last released 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. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The company had revenue of $582.62 million for the quarter, compared to the consensus estimate of $571.68 million. During the same quarter in the previous year, the company earned $0.34 EPS. Compass Diversified’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, research analysts expect that Compass Diversified will post 1.95 EPS for the current year.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were issued a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.34%. Compass Diversified’s dividend payout ratio is presently 208.33%.

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.