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

Compass Diversified (NYSE:CODI) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 918,800 shares, a decline of 9.0% from the September 30th total of 1,010,000 shares. Based on an average daily volume of 205,200 shares, the short-interest ratio is presently 4.5 days.

Compass Diversified Trading Down 2.9 %

NYSE:CODI traded down $0.63 during trading hours on Friday, reaching $21.07. 82,240 shares of the stock were exchanged, compared to its average volume of 204,248. The company has a quick ratio of 1.65, a current ratio of 4.18 and a debt-to-equity ratio of 1.48. The business has a 50-day moving average of $21.35 and a two-hundred day moving average of $21.89. Compass Diversified has a twelve month low of $17.36 and a twelve month high of $25.07. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 1.36 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.39. The business had revenue of $542.60 million for the quarter, compared to analyst estimates of $550.45 million. Compass Diversified had a return on equity of 12.21% and a net margin of 6.24%. On average, equities analysts predict that Compass Diversified will post 1.9 EPS for the current year.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 4.75%. Compass Diversified’s dividend payout ratio is presently 208.33%.

Insider Transactions at Compass Diversified

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

Institutional Investors Weigh In On Compass Diversified

Several hedge funds have recently made changes to their positions in CODI. HHM Wealth Advisors LLC acquired a new stake in Compass Diversified in the second quarter valued at about $33,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 position in shares of Compass Diversified in the 2nd quarter valued at $53,000. Ridgewood Investments LLC acquired a new position in shares of Compass Diversified in the 2nd quarter valued at $55,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Compass Diversified by 190.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds 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.