SMH Capital Advisors Inc. Has $1.58 Million Holdings in Compass Diversified (NYSE:CODI)

SMH Capital Advisors Inc. trimmed its position in Compass Diversified (NYSE:CODI) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,248 shares of the financial services provider’s stock after selling 2,738 shares during the period. Compass Diversified makes up approximately 4.8% of SMH Capital Advisors Inc.’s holdings, making the stock its 4th biggest holding. SMH Capital Advisors Inc. owned 0.10% of Compass Diversified worth $1,582,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in Compass Diversified in the 1st quarter valued at $30,000. HHM Wealth Advisors LLC acquired a new stake in shares of Compass Diversified in the 2nd quarter valued at $33,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Compass Diversified in the 1st quarter valued at $48,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Compass Diversified in the 2nd quarter valued at $53,000. Finally, Ridgewood Investments LLC bought a new position in shares of Compass Diversified in the 2nd quarter valued at $55,000. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Up 1.1 %

Shares of NYSE:CODI opened at $21.56 on Thursday. The firm has a market cap of $1.63 billion, a P/E ratio of 126.82, a P/E/G ratio of 1.34 and a beta of 1.68. The company has a quick ratio of 1.65, a current ratio of 4.18 and a debt-to-equity ratio of 1.48. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $25.07. The business has a fifty day simple moving average of $21.81 and a 200 day simple moving average of $22.39.

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

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 18th were given a dividend of $0.25 per share. 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 is currently 588.24%.

Insiders Place Their Bets

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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 directly owns 7,791,471 shares in the company, valued at approximately $179,359,662.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan J. Faulkingham bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $20.17 per share, with a total value of $40,340.00. Following the completion of the transaction, 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.