Compass Diversified (NYSE:CODI) Position Increased by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of Compass Diversified (NYSE:CODI) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,166 shares of the financial services provider’s stock after purchasing an additional 1,254 shares during the period. Inspire Investing LLC’s holdings in Compass Diversified were worth $354,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in Compass Diversified during the first quarter valued at $30,000. HHM Wealth Advisors LLC bought a new stake in Compass Diversified during the second quarter valued at $33,000. Future Financial Wealth Managment LLC bought a new stake in Compass Diversified during the first quarter valued at $48,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Compass Diversified during the second quarter valued at $53,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Compass Diversified during the second quarter valued at $55,000. Institutional investors own 72.73% of the company’s stock.

Insider Activity

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

Compass Diversified Stock Performance

Shares of CODI opened at $21.59 on Friday. Compass Diversified has a 1 year low of $16.88 and a 1 year high of $25.07. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 127.00, a price-to-earnings-growth ratio of 1.34 and a beta of 1.68. 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 firm has a fifty day moving average of $21.77 and a 200-day moving average of $22.37.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results 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. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. The company had revenue of $542.60 million during the quarter, compared to the consensus estimate of $550.45 million. As a group, equities analysts anticipate that Compass Diversified will post 1.9 earnings per share for the current year.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Thursday, July 18th. Compass Diversified’s dividend payout ratio (DPR) is 588.24%.

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.