Compass Diversified (NYSE:CODI) Shares Sold by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc reduced its position in shares of Compass Diversified (NYSE:CODI) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,250 shares of the financial services provider’s stock after selling 550 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Compass Diversified were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. grew its stake in Compass Diversified by 2.1% during the 2nd quarter. Wedbush Securities Inc. now owns 28,405 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 571 shares in the last quarter. Dakota Wealth Management boosted its holdings in shares of Compass Diversified by 3.4% during the 2nd quarter. Dakota Wealth Management now owns 30,214 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Compass Diversified by 20.4% during the 2nd quarter. Van ECK Associates Corp now owns 7,571 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 1,285 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Compass Diversified in the first quarter valued at approximately $30,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Compass Diversified in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Stock Performance

Shares of Compass Diversified stock opened at $21.56 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.65 and a current ratio of 4.18. The business’s 50 day moving average price is $21.81 and its 200 day moving average price is $22.39. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 126.82, a PEG ratio of 1.34 and a beta of 1.68. Compass Diversified has a one year low of $16.88 and a one year high of $25.07.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.39. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. The firm had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $550.45 million. On average, research analysts predict that Compass Diversified will post 1.9 EPS for the current year.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 4.64%. Compass Diversified’s dividend payout ratio (DPR) is 588.24%.

Insider Activity

In other Compass Diversified news, insider Ryan J. Faulkingham acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $20.17 per share, for a total transaction of $40,340.00. Following the completion of the acquisition, the insider now owns 35,950 shares of the company’s stock, valued at approximately $725,111.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Ryan J. Faulkingham acquired 2,000 shares of Compass Diversified stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $20.17 per share, for a total transaction of $40,340.00. Following the acquisition, the insider now owns 35,950 shares in the company, valued at $725,111.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 100,000 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $22.55, for a total transaction of $2,255,000.00. Following the transaction, the insider now directly owns 7,891,471 shares of the company’s stock, valued at approximately $177,952,671.05. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

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.