Compass Diversified (NYSE:CODI) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in shares of Compass Diversified (NYSE:CODI) by 273.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,219 shares of the financial services provider’s stock after purchasing an additional 1,625 shares during the period. Farther Finance Advisors LLC’s holdings in Compass Diversified were worth $49,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Hunter Associates Investment Management LLC increased its position in shares of Compass Diversified by 11.7% during the third quarter. Hunter Associates Investment Management LLC now owns 26,700 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 2,800 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Compass Diversified by 190.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 2,000 shares during the period. Essex Financial Services Inc. increased its position in shares of Compass Diversified by 20.2% in the 3rd quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock valued at $27,372,000 after acquiring an additional 218,394 shares during the period. E. Ohman J or Asset Management AB increased its position in shares of Compass Diversified by 8.0% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 81,170 shares of the financial services provider’s stock valued at $1,796,000 after acquiring an additional 6,000 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Compass Diversified in the 3rd quarter valued at $1,058,000. 72.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Compass Diversified

In other news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the sale, the insider now directly owns 7,456,197 shares of the company’s stock, valued at $171,865,340.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Patrick A. Maciariello bought 5,000 shares of the stock in a transaction dated Friday, September 20th. The shares were acquired at an average cost of $21.87 per share, with a total value of $109,350.00. Following 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the completion of the transaction, the insider now directly owns 7,456,197 shares in the company, valued at $171,865,340.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified Price Performance

NYSE CODI opened at $23.15 on Thursday. Compass Diversified has a 1 year low of $18.84 and a 1 year 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. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 48.75, a PEG ratio of 1.50 and a beta of 1.67. The stock’s fifty day moving average price is $21.40 and its 200 day moving average price is $21.85.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The company had revenue of $582.62 million for the quarter, compared to analyst estimates of $571.68 million. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that Compass Diversified will post 1.95 earnings per share for the current year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s payout ratio 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.