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

Compass Diversified (NYSE:CODI) major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following the transaction, the insider now owns 7,456,197 shares in the company, valued at $171,865,340.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Compass Diversified Trading Down 0.5 %

CODI opened at $23.15 on Thursday. The stock has a market cap of $1.75 billion, a PE ratio of 48.23, a PEG ratio of 1.50 and a beta of 1.67. The business has a 50 day moving average of $21.40 and a 200-day moving average of $21.85. Compass Diversified has a 52 week low of $18.84 and a 52 week high of $25.07. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 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 firm had revenue of $582.62 million for the quarter, compared to analysts’ expectations of $571.68 million. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that Compass Diversified will post 1.95 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s dividend payout ratio is 208.33%.

Institutional Trading of Compass Diversified

A number of hedge funds have recently made changes to their positions in the stock. HHM Wealth Advisors LLC bought a new position in Compass Diversified during the 2nd quarter valued at approximately $33,000. Farther Finance Advisors LLC grew its stake in shares of Compass Diversified by 273.6% in the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,625 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Compass Diversified in the second quarter worth $53,000. Ridgewood Investments LLC bought a new position in shares of Compass Diversified during the second quarter valued at $55,000. Finally, Nisa Investment Advisors LLC raised 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 purchasing an additional 2,000 shares during the last quarter. 72.73% of the stock is owned by institutional investors.

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.