Compass Diversified (NYSE:CODI) Sees Large Increase in Short Interest

Compass Diversified (NYSE:CODI) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,010,000 shares, a growth of 19.6% from the September 15th total of 844,200 shares. Based on an average daily volume of 217,300 shares, the short-interest ratio is currently 4.6 days.

Insiders Place Their Bets

In other Compass Diversified news, insider Patrick A. Maciariello purchased 5,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were bought at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the purchase, the insider now owns 228,518 shares in the company, valued at approximately $4,997,688.66. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Patrick A. Maciariello purchased 5,000 shares of Compass Diversified stock in a transaction dated Friday, September 20th. The shares were bought at an average cost of $21.87 per share, for a total transaction of $109,350.00. Following the purchase, the insider now owns 228,518 shares in the company, valued at approximately $4,997,688.66. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan J. Faulkingham acquired 2,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $20.17 per share, with a total value of $40,340.00. Following the completion of the transaction, the insider now owns 35,950 shares in the company, valued at $725,111.50. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in shares of Compass Diversified during the first quarter worth $30,000. HHM Wealth Advisors LLC acquired a new stake in shares of Compass Diversified in the second quarter valued at about $33,000. Future Financial Wealth Managment LLC bought a new position in shares of Compass Diversified during the first quarter worth about $48,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Compass Diversified in the second quarter worth approximately $53,000. Finally, Ridgewood Investments LLC bought a new stake in Compass Diversified in the second quarter valued at approximately $55,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Price Performance

Shares of NYSE CODI traded up $0.39 during mid-day trading on Wednesday, hitting $21.41. 34,259 shares of the stock traded hands, compared to its average volume of 205,877. The company has a market cap of $1.61 billion, a PE ratio of 123.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.67. Compass Diversified has a twelve month low of $16.88 and a twelve month high of $25.07. The company has a debt-to-equity ratio of 1.48, a current ratio of 4.18 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $21.28 and a two-hundred day simple moving average of $22.08.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.44 by $0.39. The firm had revenue of $542.60 million during the quarter, compared to the consensus estimate of $550.45 million. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. As a group, equities research analysts forecast that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Thursday, October 17th. Compass Diversified’s payout ratio is 588.24%.

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.