Nisa Investment Advisors LLC Buys 2,000 Shares of Compass Diversified (NYSE:CODI)

Nisa Investment Advisors LLC boosted its stake in Compass Diversified (NYSE:CODI) by 190.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,051 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Compass Diversified were worth $68,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its position in Compass Diversified by 2.1% in the second quarter. Wedbush Securities Inc. now owns 28,405 shares of the financial services provider’s stock worth $622,000 after acquiring an additional 571 shares during the period. Truist Financial Corp raised its position in Compass Diversified by 1.6% in the second quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 748 shares during the period. Dakota Wealth Management raised its position in shares of Compass Diversified by 3.4% in the second quarter. Dakota Wealth Management now owns 30,214 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 990 shares during the period. Inspire Investing LLC raised its position in shares of Compass Diversified by 8.4% in the second quarter. Inspire Investing LLC now owns 16,166 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 1,254 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Compass Diversified by 20.4% in the second quarter. Van ECK Associates Corp now owns 7,571 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 1,285 shares during the period. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Performance

NYSE CODI opened at $22.28 on Friday. The company’s 50 day moving average is $21.32 and its 200-day moving average is $21.85. Compass Diversified has a 12-month low of $18.19 and a 12-month 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. The firm has a market cap of $1.69 billion, a P/E ratio of 46.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last posted 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 analyst estimates of $571.68 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Sell-side analysts predict that Compass Diversified will post 1.9 earnings per share for the current year.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s dividend payout ratio (DPR) is currently 208.33%.

Insider Activity

In other Compass Diversified news, insider Patrick A. Maciariello purchased 5,000 shares of the stock in a transaction dated Friday, September 20th. The shares were bought at an average price of $21.87 per share, with a total value of $109,350.00. Following the completion of the transaction, the insider now directly owns 228,518 shares in the company, valued at approximately $4,997,688.66. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.76% of the company’s stock.

Compass Diversified 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.