Quest Partners LLC Has $47,000 Stock Holdings in Compass Diversified (NYSE:CODI)

Quest Partners LLC decreased its stake in Compass Diversified (NYSE:CODI) by 82.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,152 shares of the financial services provider’s stock after selling 10,172 shares during the quarter. Quest Partners LLC’s holdings in Compass Diversified were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Lord Abbett & CO. LLC boosted its position in 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 valued at $32,932,000 after purchasing an additional 890,413 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Compass Diversified by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,037,286 shares of the financial services provider’s stock valued at $97,177,000 after buying an additional 347,076 shares during the last quarter. Essex Financial Services Inc. lifted its holdings in shares of Compass Diversified by 45.0% during the 2nd quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock valued at $23,966,000 after buying an additional 339,698 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Compass Diversified by 8.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock valued at $45,079,000 after buying an additional 150,990 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Compass Diversified by 8.4% in 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 buying an additional 126,072 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Insider Transactions at Compass Diversified

In related news, insider Ryan J. Faulkingham acquired 2,000 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $20.17 per share, with a total value of $40,340.00. Following the acquisition, the insider now owns 35,950 shares in the company, valued at approximately $725,111.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $23.02, for a total transaction of $1,604,056.62. Following the completion of the transaction, the insider now owns 7,791,471 shares of the company’s stock, valued at approximately $179,359,662.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan J. Faulkingham purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $20.17 per share, with a total value of $40,340.00. Following the completion of the acquisition, the insider now directly owns 35,950 shares of the company’s stock, valued at $725,111.50. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by corporate insiders.

Compass Diversified Price Performance

Shares of CODI 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 firm has a market cap of $1.63 billion, a PE ratio of 126.82, a PEG ratio of 1.34 and a beta of 1.68. The firm’s 50 day moving average price is $21.81 and its 200 day moving average price is $22.39. Compass Diversified has a twelve month low of $16.88 and a twelve month high of $25.07.

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

Compass Diversified Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.64%. Compass Diversified’s dividend payout ratio is currently 588.24%.

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.