William Blair Investment Management LLC Raises Stake in Compass Diversified (NYSE:CODI)

William Blair Investment Management LLC boosted its holdings in shares of Compass Diversified (NYSE:CODI) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,876,309 shares of the financial services provider’s stock after buying an additional 3,494 shares during the quarter. William Blair Investment Management LLC owned 2.49% of Compass Diversified worth $41,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. HHM Wealth Advisors LLC purchased a new position in shares of Compass Diversified during the second quarter worth $33,000. Wedbush Securities Inc. grew its position in Compass Diversified by 2.1% during the 2nd quarter. Wedbush Securities Inc. now owns 28,405 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 571 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Compass Diversified during the 2nd quarter valued at about $137,000. National Bank of Canada FI lifted its holdings in shares of Compass Diversified by 4.1% in the 2nd quarter. National Bank of Canada FI now owns 197,546 shares of the financial services provider’s stock valued at $4,281,000 after buying an additional 7,741 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Compass Diversified by 5.9% in the second quarter. Rhumbline Advisers now owns 104,171 shares of the financial services provider’s stock worth $2,280,000 after buying an additional 5,813 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Compass Diversified

In other Compass Diversified news, insider Ryan J. Faulkingham purchased 2,000 shares of Compass Diversified stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $20.17 per share, with a total value of $40,340.00. Following the acquisition, the insider now owns 35,950 shares of the company’s stock, valued at approximately $725,111.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were sold at an average price of $23.02, for a total value of $1,604,056.62. Following the sale, the insider now owns 7,791,471 shares in the company, valued at $179,359,662.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan J. Faulkingham bought 2,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $20.17 per share, with a total value 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. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified Stock Up 2.2 %

Compass Diversified stock opened at $21.01 on Friday. The business’s 50-day moving average price is $21.82 and its 200 day moving average price is $22.42. The company has a quick ratio of 1.65, a current ratio of 4.18 and a debt-to-equity ratio of 1.48. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 123.60, a price-to-earnings-growth ratio of 1.34 and a beta of 1.68. Compass Diversified has a 52 week low of $16.88 and a 52 week high of $25.07.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.39. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. The business had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $550.45 million. As a group, sell-side analysts anticipate that Compass Diversified will post 1.9 earnings per share for the current year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.76%. Compass Diversified’s dividend payout ratio (DPR) is currently 588.27%.

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.