Jane Street Group LLC Sells 10,715 Shares of Compass Diversified (NYSE:CODI)

Jane Street Group LLC trimmed its holdings in shares of Compass Diversified (NYSE:CODI) by 13.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,548 shares of the financial services provider’s stock after selling 10,715 shares during the period. Jane Street Group LLC owned about 0.09% of Compass Diversified worth $1,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its stake in shares of Compass Diversified by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 572 shares during the last quarter. De Lisle Partners LLP bought a new position in Compass Diversified during the third quarter valued at $339,000. BNP Paribas Financial Markets increased its position in Compass Diversified by 10.2% in the third quarter. BNP Paribas Financial Markets now owns 14,360 shares of the financial services provider’s stock worth $318,000 after buying an additional 1,331 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Compass Diversified in the third quarter valued at $173,000. Finally, FMR LLC lifted its position in shares of Compass Diversified by 115.0% during the 3rd quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after buying an additional 151,783 shares during the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, TD Cowen initiated coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price objective on the stock.

Compass Diversified Price Performance

Shares of NYSE CODI opened at $23.39 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. Compass Diversified has a fifty-two week low of $19.76 and a fifty-two week high of $25.07. The stock has a market cap of $1.77 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. The stock has a fifty day moving average of $22.74 and a 200-day moving average of $22.12.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.10. The business had revenue of $582.62 million for the quarter, compared to analysts’ expectations of $571.68 million. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Equities research analysts anticipate that Compass Diversified will post 1.96 earnings per share for the current year.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

Insider Buying and Selling

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the sale, the insider now owns 7,456,197 shares in the company, valued at $171,865,340.85. This trade represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.76% of the stock is owned by company insiders.

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.