Hunter Associates Investment Management LLC Has $589,000 Stock Holdings in Compass Diversified (NYSE:CODI)

Hunter Associates Investment Management LLC boosted its position in shares of Compass Diversified (NYSE:CODI) by 11.7% in the third quarter, Holdings Channel.com reports. The firm owned 26,700 shares of the financial services provider’s stock after purchasing an additional 2,800 shares during the period. Hunter Associates Investment Management LLC’s holdings in Compass Diversified were worth $589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CODI. Wedbush Securities Inc. increased its stake in shares of 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 last quarter. Truist Financial Corp increased its position in Compass Diversified by 1.6% during the second quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider’s stock worth $1,067,000 after buying an additional 748 shares during the last quarter. Dakota Wealth Management increased its holdings in shares of Compass Diversified by 3.4% during the 2nd quarter. Dakota Wealth Management now owns 30,214 shares of the financial services provider’s stock valued at $661,000 after acquiring an additional 990 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Compass Diversified by 8.4% in the 2nd quarter. Inspire Investing LLC now owns 16,166 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 1,254 shares in the last quarter. 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. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Patrick A. Maciariello purchased 5,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $21.87 per share, for a total transaction of $109,350.00. Following the completion of the acquisition, the insider now directly owns 228,518 shares in the company, valued at $4,997,688.66. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ryan J. Faulkingham acquired 2,000 shares of Compass Diversified stock in a transaction on Monday, August 5th. The stock was bought at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the transaction, the insider now owns 35,950 shares of the company’s stock, valued at $725,111.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patrick A. Maciariello acquired 5,000 shares of the stock in a transaction dated Friday, September 20th. The shares were purchased at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the completion of the transaction, the insider now owns 228,518 shares of the company’s stock, valued at $4,997,688.66. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

Compass Diversified Price Performance

Shares of Compass Diversified stock opened at $20.83 on Wednesday. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07. The firm has a fifty day simple moving average of $21.36 and a 200-day simple moving average of $21.90. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 122.53, a PEG ratio of 1.38 and a beta of 1.67.

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

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 4.80%. Compass Diversified’s payout ratio is 588.24%.

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.