Compass Diversified (NYSE:CODI) Sees Large Increase in Short Interest

Compass Diversified (NYSE:CODI) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 925,200 shares, a growth of 23.6% from the June 30th total of 748,300 shares. Based on an average trading volume of 205,400 shares, the short-interest ratio is currently 4.5 days.

Analysts Set New Price Targets

Separately, William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Thursday, May 2nd.

Insider Buying and Selling

In other Compass Diversified news, insider Ryan J. Faulkingham bought 5,000 shares of Compass Diversified stock in a transaction on Thursday, June 13th. The stock was bought at an average price of $22.44 per share, with a total value of $112,200.00. Following the completion of the acquisition, the insider now owns 33,950 shares in the company, valued at $761,838. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Ryan J. Faulkingham bought 5,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of $22.44 per share, with a total value of $112,200.00. Following the completion of the acquisition, the insider now owns 33,950 shares in the company, valued at approximately $761,838. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $22.55, for a total value of $2,255,000.00. Following the sale, the insider now directly owns 7,891,471 shares in the company, valued at approximately $177,952,671.05. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Compass Diversified

A number of hedge funds have recently bought and sold shares of CODI. Mather Group LLC. acquired a new stake in shares of Compass Diversified during the first quarter worth $30,000. Future Financial Wealth Managment LLC purchased a new stake in Compass Diversified in the 1st quarter valued at about $48,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Compass Diversified during the 2nd quarter valued at about $53,000. Van ECK Associates Corp lifted its holdings in shares of Compass Diversified by 24.5% during the 4th quarter. Van ECK Associates Corp now owns 5,118 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 1,008 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Compass Diversified in the fourth quarter worth approximately $207,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Price Performance

Compass Diversified stock traded up $0.26 during mid-day trading on Friday, hitting $23.95. 223,033 shares of the company were exchanged, compared to its average volume of 262,108. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $25.07. The company has a market capitalization of $1.81 billion, a P/E ratio of 140.89, a PEG ratio of 1.65 and a beta of 1.68. The business’s 50 day simple moving average is $22.41 and its two-hundred day simple moving average is $22.67. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.08 and a quick ratio of 1.64.

Compass Diversified (NYSE:CODI) last posted 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). The company had revenue of $524.29 million for the quarter, compared to analysts’ expectations of $540.20 million. Compass Diversified had a return on equity of 11.71% and a net margin of 4.61%. Analysts forecast that Compass Diversified will post 1.89 earnings per share for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Thursday, July 18th. Compass Diversified’s payout ratio is 588.27%.

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.