Insider Buying: Compass Diversified (NYSE:CODI) Insider Purchases $112,200.00 in Stock

Compass Diversified (NYSE:CODI) insider Ryan J. Faulkingham purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average cost of $22.44 per share, with a total value of $112,200.00. Following the completion of the acquisition, the insider now owns 33,950 shares of the company’s stock, valued at $761,838. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Compass Diversified Trading Down 1.5 %

Shares of CODI stock opened at $22.11 on Friday. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07. The stock has a market cap of $1.67 billion, a P/E ratio of 130.07, a P/E/G ratio of 1.52 and a beta of 1.74. The business has a fifty day simple moving average of $22.49 and a 200-day simple moving average of $22.50. The company has a quick ratio of 1.64, a current ratio of 4.08 and a debt-to-equity ratio of 1.43.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Compass Diversified had a net margin of 4.61% and a return on equity of 11.71%. The firm had revenue of $524.29 million during the quarter, compared to analysts’ expectations of $540.20 million. On average, analysts forecast that Compass Diversified will post 1.92 earnings per share for the current fiscal year.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, April 17th. Compass Diversified’s dividend payout ratio is presently 588.27%.

Analysts Set New Price Targets

CODI has been the subject of several research analyst reports. Bank of America increased their price objective on Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Oppenheimer increased their price objective on Compass Diversified from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 5th. Finally, William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Thursday, May 2nd.

Institutional Trading of Compass Diversified

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Compass Diversified by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,043,989 shares of the financial services provider’s stock worth $94,676,000 after purchasing an additional 23,041 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Compass Diversified by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,037,286 shares of the financial services provider’s stock worth $97,177,000 after purchasing an additional 347,076 shares in the last quarter. William Blair Investment Management LLC increased its position in Compass Diversified by 8.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock worth $45,079,000 after purchasing an additional 150,990 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Compass Diversified by 8.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock worth $36,666,000 after purchasing an additional 126,072 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in Compass Diversified by 186.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock worth $32,932,000 after purchasing an additional 890,413 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.