Compass Diversified (NYSE:CODI) Stock Holdings Lessened by Private Advisor Group LLC

Private Advisor Group LLC reduced its stake in shares of Compass Diversified (NYSE:CODI) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,174 shares of the financial services provider’s stock after selling 652 shares during the quarter. Private Advisor Group LLC’s holdings in Compass Diversified were worth $336,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC acquired a new position in Compass Diversified in the second quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Compass Diversified in the 2nd quarter valued at $53,000. Ridgewood Investments LLC bought a new stake in Compass Diversified in the second quarter worth $55,000. Ashton Thomas Private Wealth LLC acquired a new position in Compass Diversified during the second quarter worth $137,000. Finally, Van ECK Associates Corp raised its holdings in Compass Diversified by 20.4% during the second quarter. Van ECK Associates Corp now owns 7,571 shares of the financial services provider’s stock valued at $166,000 after buying an additional 1,285 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Price Performance

Shares of NYSE:CODI opened at $22.75 on Thursday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 47.40, a P/E/G ratio of 1.39 and a beta of 1.67. The business has a 50-day moving average of $21.32 and a two-hundred day moving average of $21.85. Compass Diversified has a fifty-two week low of $18.19 and a fifty-two week high of $25.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The firm had revenue of $582.62 million during the quarter, compared to the consensus estimate of $571.68 million. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue was up 11.8% on a year-over-year basis. On average, equities research analysts predict that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s payout ratio is presently 208.33%.

Insider Activity

In other Compass Diversified news, insider Patrick A. Maciariello bought 5,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price of $21.87 per share, with a total value of $109,350.00. Following the completion of the purchase, the insider now directly owns 228,518 shares in the company, valued at $4,997,688.66. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified 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.