Northwest Quadrant Wealth Management LLC Sells 1,043 Shares of Compass Diversified (NYSE:CODI)

Northwest Quadrant Wealth Management LLC lowered its holdings in Compass Diversified (NYSE:CODI) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,583 shares of the financial services provider’s stock after selling 1,043 shares during the period. Northwest Quadrant Wealth Management LLC’s holdings in Compass Diversified were worth $278,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Compass Diversified in the third quarter worth $352,000. Sanctuary Advisors LLC purchased a new stake in Compass Diversified during the second quarter valued at about $2,283,000. Truist Financial Corp boosted its position in Compass Diversified by 1.6% during the second quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider’s stock worth $1,067,000 after purchasing an additional 748 shares during the period. Sei Investments Co. raised its position in shares of Compass Diversified by 9.2% in the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock valued at $15,392,000 after purchasing an additional 59,172 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Compass Diversified by 8.4% during the 2nd quarter. Inspire Investing LLC now owns 16,166 shares of the financial services provider’s stock valued at $354,000 after buying an additional 1,254 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 7,791,471 shares in the company, valued at $179,359,662.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $23.02, for a total transaction of $1,604,056.62. Following the transaction, the insider now directly owns 7,791,471 shares of the company’s stock, valued at approximately $179,359,662.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan J. Faulkingham bought 2,000 shares of the stock in a transaction dated Monday, August 5th. The stock was bought 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 in the company, valued at $725,111.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified Price Performance

CODI stock traded up $0.40 during mid-day trading on Friday, reaching $21.76. 140,392 shares of the company traded hands, compared to its average volume of 208,692. Compass Diversified has a 52-week low of $16.88 and a 52-week high of $25.07. The company has a market capitalization of $1.64 billion, a P/E ratio of 128.00, a P/E/G ratio of 1.43 and a beta of 1.68. 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 company has a fifty day moving average price of $21.43 and a 200-day moving average price of $22.24.

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

Compass Diversified Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.60%. Compass Diversified’s payout ratio is 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.