Compass Diversified (NYSE:CODI) Sees Strong Trading Volume

Compass Diversified (NYSE:CODI) saw an uptick in trading volume on Friday . 138,618 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 205,425 shares.The stock last traded at $21.58 and had previously closed at $21.85.

Compass Diversified Price Performance

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 company has a market capitalization of $1.63 billion, a P/E ratio of 128.41, a P/E/G ratio of 1.34 and a beta of 1.68. The firm’s fifty day moving average is $21.80 and its 200 day moving average is $22.39.

Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.39. The business 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%. As a group, analysts predict that Compass Diversified will post 1.9 earnings per share for the current fiscal year.

Compass Diversified Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Thursday, July 18th. Compass Diversified’s dividend payout ratio (DPR) is presently 588.24%.

Insider Activity at Compass Diversified

In related news, insider Ryan J. Faulkingham acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 in the company, valued at $725,111.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Compass Diversified 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 completion of the transaction, the insider now owns 35,950 shares in the company, valued at approximately $725,111.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Cgi Magyar Holdings Llc sold 100,000 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $22.55, for a total value of $2,255,000.00. Following the transaction, the insider now owns 7,891,471 shares in the company, valued at $177,952,671.05. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors have recently bought and sold shares of CODI. Lord Abbett & CO. LLC grew 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 buying an additional 890,413 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Compass Diversified by 9.4% in 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 purchasing an additional 347,076 shares in the last quarter. Essex Financial Services Inc. increased its stake in shares of Compass Diversified by 45.0% in 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 purchasing an additional 339,698 shares in the last quarter. William Blair Investment Management LLC boosted its position 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 in the last quarter. Finally, The Manufacturers Life Insurance Company grew 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 valued at $36,666,000 after purchasing an additional 126,072 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

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.