Compass Diversified (NYSE:CODI) Major Shareholder Cgi Magyar Holdings Llc Sells 135,274 Shares

Compass Diversified (NYSE:CODI) major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.05, for a total value 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 approximately $171,865,340.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Compass Diversified Trading Up 0.8 %

CODI stock traded up $0.19 on Tuesday, hitting $23.27. 267,436 shares of the company were exchanged, compared to its average volume of 205,846. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 48.08, a price-to-earnings-growth ratio of 1.46 and a beta of 1.67. 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 business’s fifty day moving average is $21.36 and its two-hundred day moving average is $21.84. Compass Diversified has a twelve month low of $18.19 and a twelve month high of $25.07.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $571.68 million. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts forecast that Compass Diversified will post 1.95 earnings per share for the current year.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.30%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s payout ratio is presently 208.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new stake in Compass Diversified during the 2nd quarter valued at approximately $33,000. Farther Finance Advisors LLC boosted its holdings in Compass Diversified by 273.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,625 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Compass Diversified in the second quarter valued at approximately $53,000. Ridgewood Investments LLC acquired a new stake in Compass Diversified during the 2nd quarter worth approximately $55,000. Finally, Nisa Investment Advisors LLC boosted 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 worth $68,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

About Compass Diversified

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.