Compass Diversified (NYSE:CODI) Sees Large Volume Increase

Compass Diversified (NYSE:CODI) shares saw unusually-strong trading volume on Friday . Approximately 98,841 shares were traded during mid-day trading, a decline of 49% from the previous session’s volume of 193,025 shares.The stock last traded at $21.65 and had previously closed at $21.69.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CODI shares. Bank of America increased their price target on Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Oppenheimer increased their price objective on Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Tuesday, March 5th. Finally, William Blair reiterated an “outperform” rating on shares of Compass Diversified in a report on Thursday, May 2nd.

Compass Diversified Trading Down 0.0 %

The firm has a market cap of $1.63 billion, a PE ratio of 127.54, a P/E/G ratio of 1.47 and a beta of 1.74. The company has a current ratio of 4.08, a quick ratio of 1.64 and a debt-to-equity ratio of 1.43. The business has a fifty day moving average price of $22.31 and a 200 day moving average price of $22.55.

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Compass Diversified had a net margin of 4.61% and a return on equity of 11.71%. The business had revenue of $524.29 million during the quarter, compared to analysts’ expectations of $540.20 million. Analysts forecast that Compass Diversified will post 1.92 EPS for the current year.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. Compass Diversified’s dividend payout ratio is presently 588.27%.

Insider Buying and Selling

In other news, insider Ryan J. Faulkingham purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average price of $22.44 per share, for a total transaction of $112,200.00. Following the purchase, the insider now directly owns 33,950 shares of the company’s stock, valued at approximately $761,838. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Ryan J. Faulkingham purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average price of $22.44 per share, for a total transaction of $112,200.00. Following the purchase, the insider now directly owns 33,950 shares of the company’s stock, valued at approximately $761,838. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Larry L. Enterline bought 8,212 shares of the stock in a transaction on Tuesday, May 28th. The stock was bought at an average price of $22.41 per share, for a total transaction of $184,030.92. Following the completion of the purchase, the insider now directly owns 32,886 shares in the company, valued at approximately $736,975.26. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CODI. Allspring Global Investments Holdings LLC grew its stake in shares of Compass Diversified by 21,508.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,690,210 shares of the financial services provider’s stock valued at $82,845,000 after purchasing an additional 3,673,132 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Compass Diversified by 186.4% in 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 purchasing an additional 890,413 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Compass Diversified by 8.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock valued at $45,079,000 after purchasing an additional 150,990 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Compass Diversified by 8.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock valued at $36,666,000 after buying an additional 126,072 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Compass Diversified by 11.1% in the 4th quarter. UBS Group AG now owns 708,786 shares of the financial services provider’s stock valued at $15,912,000 after buying an additional 71,075 shares during the period. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

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.