International Assets Investment Management LLC Invests $1.06 Million in Compass Diversified (NYSE:CODI)

International Assets Investment Management LLC acquired a new stake in Compass Diversified (NYSE:CODI) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 47,801 shares of the financial services provider’s stock, valued at approximately $1,058,000. International Assets Investment Management LLC owned approximately 0.06% of Compass Diversified as of its most recent filing with the SEC.

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

Insider Activity at Compass Diversified

In other news, insider Patrick A. Maciariello acquired 5,000 shares of Compass Diversified 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 purchase, the insider now directly owns 228,518 shares of the company’s stock, valued at $4,997,688.66. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.76% of the stock is currently owned by company insiders.

Compass Diversified Trading Up 0.0 %

Shares of CODI opened at $21.03 on Tuesday. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48. The stock has a market cap of $1.59 billion, a PE ratio of 43.81, a PEG ratio of 1.43 and a beta of 1.67. Compass Diversified has a 1 year low of $18.19 and a 1 year high of $25.07. The stock has a 50 day simple moving average of $21.31 and a 200-day simple moving average of $21.86.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. Compass Diversified had a return on equity of 12.21% and a net margin of 6.24%. The business had revenue of $582.62 million for the quarter, compared to the consensus estimate of $571.68 million. During the same period in the previous year, the business earned $0.34 EPS. Compass Diversified’s revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts predict that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s dividend payout ratio (DPR) is 208.33%.

Compass Diversified Company 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.