UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,900 Shares of Compass Diversified (NYSE:CODI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Compass Diversified (NYSE:CODI) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,955 shares of the financial services provider’s stock after selling 17,900 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Compass Diversified were worth $2,632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Essex Financial Services Inc. raised its holdings in shares of Compass Diversified by 45.0% in the 2nd quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock worth $23,966,000 after buying an additional 339,698 shares in the last quarter. FMR LLC grew 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 valued at $6,280,000 after acquiring an additional 151,783 shares during the period. Swedbank AB acquired a new position in Compass Diversified during the third quarter worth $3,306,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Compass Diversified by 3.4% during 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 acquired a new stake in shares of Compass Diversified in the 2nd quarter valued at $2,283,000. 72.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Compass Diversified

In other Compass Diversified news, insider Patrick A. Maciariello purchased 5,000 shares of the company’s 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 $4,997,688.66. This trade represents a 2.24 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction that occurred on 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 $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

Compass Diversified Price Performance

CODI opened at $23.62 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The company’s 50 day simple moving average is $22.35 and its 200-day simple moving average is $22.06. Compass Diversified has a one year low of $19.76 and a one year high of $25.07. The stock has a market capitalization of $1.79 billion, a P/E ratio of 49.21, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66.

Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The company had revenue of $582.62 million during the quarter, compared to analysts’ expectations of $571.68 million. During the same period last year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts anticipate that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. Compass Diversified’s payout ratio is presently 208.33%.

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.