Blair William & Co. IL Decreases Stake in Compass Diversified (NYSE:CODI)

Blair William & Co. IL cut its position in shares of Compass Diversified (NYSE:CODI) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 690,106 shares of the financial services provider’s stock after selling 17,286 shares during the period. Blair William & Co. IL owned approximately 0.92% of Compass Diversified worth $15,106,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in Compass Diversified by 2.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,117,375 shares of the financial services provider’s stock worth $90,129,000 after purchasing an additional 80,089 shares during the period. William Blair Investment Management LLC raised its stake in 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 purchasing an additional 150,990 shares during the period. The Manufacturers Life Insurance Company raised its stake in 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 purchasing an additional 126,072 shares during the period. Lord Abbett & CO. LLC raised its stake 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 worth $32,932,000 after purchasing an additional 890,413 shares during the period. Finally, Essex Financial Services Inc. raised its stake in Compass Diversified by 45.0% during the second quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock worth $23,966,000 after purchasing an additional 339,698 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Price Performance

Shares of CODI stock opened at $21.83 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 4.18 and a quick ratio of 1.65. The firm’s 50-day moving average is $21.80 and its two-hundred day moving average is $22.39. Compass Diversified has a 12 month low of $16.88 and a 12 month high of $25.07. The company has a market capitalization of $1.65 billion, a PE ratio of 128.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.68.

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

Compass Diversified Announces Dividend

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Thursday, July 18th. Compass Diversified’s dividend payout ratio (DPR) is 588.24%.

Insider Activity

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