Short Interest in Compass Diversified Holdings (NYSE:CODI) Drops By 7.4%

Compass Diversified Holdings (NYSE:CODI) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 299,800 shares, a drop of 7.4% from the May 15th total of 323,700 shares. Based on an average daily trading volume, of 217,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.6% of the company’s stock are short sold.

In other Compass Diversified news, insider Elias Sabo acquired 18,334 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were bought at an average cost of $18.62 per share, with a total value of $341,379.08. Following the completion of the acquisition, the insider now directly owns 585,549 shares in the company, valued at approximately $10,902,922.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CODI. ERTS Wealth Advisors LLC purchased a new stake in shares of Compass Diversified during the fourth quarter valued at $28,000. Next Capital Management LLC purchased a new stake in shares of Compass Diversified during the fourth quarter valued at $48,000. Great West Life Assurance Co. Can grew its holdings in shares of Compass Diversified by 11.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 7,539 shares of the financial services provider’s stock valued at $90,000 after buying an additional 762 shares during the last quarter. Cranbrook Wealth Management LLC grew its holdings in shares of Compass Diversified by 57.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 8,179 shares of the financial services provider’s stock valued at $102,000 after buying an additional 3,000 shares during the last quarter. Finally, Quad Cities Investment Group LLC grew its holdings in shares of Compass Diversified by 2,500.0% during the first quarter. Quad Cities Investment Group LLC now owns 7,800 shares of the financial services provider’s stock valued at $124,000 after buying an additional 7,500 shares during the last quarter. 31.73% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CODI traded down $0.11 on Friday, hitting $19.75. The stock had a trading volume of 240,465 shares, compared to its average volume of 258,370. The business has a fifty day moving average of $18.32. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.56 and a current ratio of 2.82. Compass Diversified has a 52-week low of $11.60 and a 52-week high of $20.09. The company has a market capitalization of $1.18 billion, a PE ratio of 25.32 and a beta of 1.13.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.06). Compass Diversified had a return on equity of 7.63% and a net margin of 6.11%. The firm had revenue of $402.49 million during the quarter, compared to analysts’ expectations of $399.00 million. On average, analysts predict that Compass Diversified will post 1.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Wednesday, July 17th. Compass Diversified’s dividend payout ratio (DPR) is presently 100.00%.

Separately, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th.

Compass Diversified Company Profile

Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.

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