Compass Diversified (NYSE:CODI) Short Interest Down 16.1% in October

Compass Diversified (NYSE:CODI) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 771,300 shares, a decrease of 16.1% from the October 15th total of 918,800 shares. Based on an average daily volume of 189,600 shares, the days-to-cover ratio is currently 4.1 days.

Compass Diversified Stock Up 0.7 %

Compass Diversified stock opened at $22.95 on Friday. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07. The stock has a market capitalization of $1.74 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 1.49 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 has a 50 day simple moving average of $21.48 and a 200-day simple moving average of $21.86.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data 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. 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 business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts anticipate that Compass Diversified will post 1.95 EPS for the current fiscal year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 4.36%. Compass Diversified’s dividend payout ratio (DPR) is currently 208.33%.

Insider Buying and Selling at Compass Diversified

In other news, insider Patrick A. Maciariello acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were acquired at an average price of $21.87 per share, with a total value of $109,350.00. Following the purchase, the insider now directly owns 228,518 shares of the company’s stock, valued at $4,997,688.66. This trade represents a 2.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s 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 approximately $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Compass Diversified

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Essex Financial Services Inc. lifted its stake in shares of Compass Diversified by 45.0% in the second quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock worth $23,966,000 after buying an additional 339,698 shares in the last quarter. FMR LLC raised its holdings in Compass Diversified by 115.0% in the 3rd quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after acquiring an additional 151,783 shares during the last quarter. Swedbank AB purchased a new position in Compass Diversified in the 3rd quarter worth approximately $3,306,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Compass Diversified by 3.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock worth $94,224,000 after purchasing an additional 140,384 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Compass Diversified in the second quarter valued at approximately $2,283,000. Hedge funds and other 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.