Peak Financial Advisors LLC Acquires 1,324 Shares of Compass Diversified (NYSE:CODI)

Peak Financial Advisors LLC boosted its holdings in shares of Compass Diversified (NYSE:CODI) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,883 shares of the financial services provider’s stock after buying an additional 1,324 shares during the quarter. Peak Financial Advisors LLC’s holdings in Compass Diversified were worth $551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lord Abbett & CO. LLC grew its position in shares of Compass Diversified by 186.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock valued at $32,932,000 after acquiring an additional 890,413 shares during the period. Bank of New York Mellon Corp grew its holdings in Compass Diversified by 14.0% during the second quarter. Bank of New York Mellon Corp now owns 240,161 shares of the financial services provider’s stock valued at $5,257,000 after purchasing an additional 29,580 shares during the period. Mather Group LLC. purchased a new stake in Compass Diversified in the first quarter worth about $30,000. Sei Investments Co. raised its stake in shares of Compass Diversified by 9.2% in the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock worth $15,392,000 after buying an additional 59,172 shares during the period. Finally, Essex Financial Services Inc. lifted its position in shares of Compass Diversified by 45.0% during the 2nd quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock valued at $23,966,000 after buying an additional 339,698 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Compass Diversified news, insider Ryan J. Faulkingham purchased 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $20.17 per share, for a total transaction of $40,340.00. Following the purchase, the insider now directly owns 35,950 shares of the company’s stock, valued at $725,111.50. 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 this link. In other news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of Compass Diversified stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $23.02, for a total value of $1,604,056.62. Following the sale, the insider now directly owns 7,791,471 shares of the company’s stock, valued at approximately $179,359,662.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan J. Faulkingham purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $20.17 per share, with a total value of $40,340.00. Following the completion of the purchase, the insider now owns 35,950 shares of the company’s stock, valued at $725,111.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.76% of the company’s stock.

Compass Diversified Trading Up 0.5 %

Shares of NYSE:CODI opened at $20.94 on Friday. The stock has a 50 day moving average of $21.25 and a 200 day moving average of $22.15. The company has a market cap of $1.58 billion, a PE ratio of 299.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.67. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $25.07. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $550.45 million. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. As a group, equities research analysts expect that Compass Diversified will post 1.9 EPS for the current year.

Compass Diversified Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. Compass Diversified’s dividend payout ratio is presently 1,428.57%.

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.