Compass Diversified (NYSE:CODI) Sees Large Volume Increase

Shares of Compass Diversified (NYSE:CODI) saw an uptick in trading volume on Friday . 98,841 shares traded hands during mid-day trading, a decline of 49% from the previous session’s volume of 193,025 shares.The stock last traded at $21.65 and had previously closed at $21.69.

Analysts Set New Price Targets

A number of research firms have recently commented on CODI. Bank of America upped their price objective on shares of Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a research note on Thursday, May 2nd. Finally, Oppenheimer boosted their target price on shares of Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Tuesday, March 5th.

Compass Diversified Stock Performance

The company’s fifty day moving average price is $22.31 and its 200 day moving average price is $22.55. The company has a market cap of $1.63 billion, a PE ratio of 127.54, a P/E/G ratio of 1.47 and a beta of 1.74. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.08 and a quick ratio of 1.64.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $524.29 million for the quarter, compared to the consensus estimate of $540.20 million. Compass Diversified had a net margin of 4.61% and a return on equity of 11.71%. On average, equities research analysts predict that Compass Diversified will post 1.92 earnings per share for the current year.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. Compass Diversified’s dividend payout ratio is presently 588.27%.

Insiders Place Their Bets

In other news, insider Larry L. Enterline purchased 8,212 shares of the stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $22.41 per share, with a total value of $184,030.92. Following the completion of the acquisition, the insider now owns 32,886 shares in the company, valued at approximately $736,975.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Larry L. Enterline purchased 8,212 shares of the stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $22.41 per share, with a total value of $184,030.92. Following the completion of the acquisition, the insider now owns 32,886 shares in the company, valued at approximately $736,975.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ryan J. Faulkingham purchased 5,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was purchased at an average cost of $22.44 per share, for a total transaction of $112,200.00. Following the completion of the acquisition, the insider now owns 33,950 shares of the company’s stock, valued at approximately $761,838. The disclosure for this purchase can be found here. Company insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

A number of institutional investors and hedge funds have recently bought and sold shares of CODI. Allspring Global Investments Holdings LLC raised its stake in 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 purchasing an additional 3,673,132 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Compass Diversified by 186.4% during the first quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock worth $32,932,000 after acquiring an additional 890,413 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Compass Diversified by 8.8% during the first quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock worth $45,079,000 after acquiring an additional 150,990 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Compass Diversified by 8.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock worth $36,666,000 after acquiring an additional 126,072 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Compass Diversified by 11.1% during the fourth quarter. UBS Group AG now owns 708,786 shares of the financial services provider’s stock worth $15,912,000 after acquiring an additional 71,075 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

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.