Bard Financial Services Inc. Makes New Investment in Compass Diversified (NYSE:CODI)

Bard Financial Services Inc. bought a new stake in Compass Diversified (NYSE:CODI) during the 4th quarter, HoldingsChannel reports. The fund bought 8,925 shares of the financial services provider’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Essex Financial Services Inc. lifted its holdings in shares of Compass Diversified by 20.2% in the 3rd quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock valued at $27,372,000 after buying an additional 218,394 shares during the period. FMR LLC raised its position in Compass Diversified by 115.0% in the third quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock worth $6,280,000 after acquiring an additional 151,783 shares in the last quarter. Swedbank AB purchased a new position in Compass Diversified in the third quarter worth $3,306,000. Allspring Global Investments Holdings LLC lifted its holdings in Compass Diversified by 3.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock valued at $94,224,000 after acquiring an additional 140,384 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Compass Diversified during the 2nd quarter worth $2,283,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Price Performance

CODI stock traded down $0.40 during midday trading on Monday, hitting $22.50. 90,303 shares of the stock were exchanged, compared to its average volume of 109,428. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.54 and a beta of 1.65. Compass Diversified has a fifty-two week low of $19.76 and a fifty-two week high of $25.07. The stock’s 50-day moving average price is $22.97 and its 200-day moving average price is $22.14.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $571.68 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Research analysts predict that Compass Diversified will post 1.96 earnings per share for the current year.

Analyst Ratings Changes

Separately, TD Cowen initiated coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price target for the company.

Insider Buying and Selling at Compass Diversified

In related news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction dated 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 owns 7,456,197 shares of the company’s stock, valued at approximately $171,865,340.85. The trade was a 1.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.76% of the stock is owned by insiders.

Compass Diversified Company Profile

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.