Sanctuary Advisors LLC Lowers Holdings in Compass Diversified (NYSE:CODI)

Sanctuary Advisors LLC lowered its holdings in shares of Compass Diversified (NYSE:CODI) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 96,603 shares of the financial services provider’s stock after selling 4,344 shares during the period. Sanctuary Advisors LLC’s holdings in Compass Diversified were worth $2,264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CODI. Allspring Global Investments Holdings LLC boosted its holdings in shares of Compass Diversified by 3.4% during the 3rd 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 purchasing an additional 140,384 shares during the last quarter. Essex Financial Services Inc. lifted its position in shares of Compass Diversified by 20.2% in the third quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock worth $27,372,000 after buying an additional 218,394 shares in the last quarter. Royce & Associates LP lifted its position in shares of Compass Diversified by 4.9% in the third quarter. Royce & Associates LP now owns 857,781 shares of the financial services provider’s stock worth $18,983,000 after buying an additional 40,247 shares in the last quarter. Sei Investments Co. boosted its stake in Compass Diversified by 9.2% during the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock valued at $15,392,000 after buying an additional 59,172 shares during the last quarter. Finally, Gilman Hill Asset Management LLC grew its holdings in Compass Diversified by 1.3% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 389,774 shares of the financial services provider’s stock valued at $8,626,000 after buying an additional 4,926 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Compass Diversified Stock Down 4.0 %

Shares of NYSE CODI opened at $22.96 on Thursday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 47.83, a P/E/G ratio of 1.54 and a beta of 1.66. Compass Diversified has a 12-month low of $19.76 and a 12-month high of $25.07. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The firm’s 50-day moving average price is $22.50 and its 200-day moving average price is $22.09.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The business had revenue of $582.62 million for the quarter, compared to the consensus estimate of $571.68 million. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts anticipate that Compass Diversified will post 1.96 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were given a $0.25 dividend. 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 4.36%. Compass Diversified’s dividend payout ratio is presently 208.33%.

Insider Transactions at Compass Diversified

In other Compass Diversified news, insider Patrick A. Maciariello bought 5,000 shares of Compass Diversified stock in a transaction on Friday, September 20th. The shares were acquired at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the completion of the purchase, the insider now directly owns 228,518 shares in the company, valued at approximately $4,997,688.66. This trade represents a 2.24 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the sale, the insider now directly 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. Company insiders own 1.76% of the company’s stock.

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.