15,300 Shares in Compass Diversified (NYSE:CODI) Bought by De Lisle Partners LLP

De Lisle Partners LLP acquired a new position in shares of Compass Diversified (NYSE:CODI) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 15,300 shares of the financial services provider’s stock, valued at approximately $339,000.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Compass Diversified by 3.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock valued at $94,224,000 after purchasing an additional 140,384 shares during the last quarter. Essex Financial Services Inc. grew its position in Compass Diversified by 20.2% in the third 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 last quarter. Royce & Associates LP raised its stake in Compass Diversified by 4.9% during the third quarter. Royce & Associates LP now owns 857,781 shares of the financial services provider’s stock worth $18,983,000 after acquiring an additional 40,247 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Compass Diversified by 9.2% in the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock worth $15,392,000 after acquiring an additional 59,172 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of Compass Diversified by 1.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 389,774 shares of the financial services provider’s stock valued at $8,626,000 after purchasing an additional 4,926 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Compass Diversified Trading Up 0.4 %

Shares of CODI stock opened at $23.64 on Friday. Compass Diversified has a twelve month low of $19.76 and a twelve month high of $25.07. The stock’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $21.95. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $1.79 billion, a P/E ratio of 49.25, a P/E/G ratio of 1.52 and a beta of 1.67.

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

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s dividend payout ratio is currently 208.33%.

Insiders Place Their Bets

In related news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of Compass Diversified stock in a transaction on 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 owns 7,456,197 shares of the company’s stock, valued at $171,865,340.85. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick A. Maciariello purchased 5,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were purchased at an average cost of $21.87 per share, for a total transaction of $109,350.00. Following the transaction, the insider now directly owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. The trade was a 2.24 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.76% of the company’s stock.

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.