Compass Diversified (NYSE:CODI) Sees Significant Drop in Short Interest

Compass Diversified (NYSE:CODI) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 918,800 shares, a decline of 9.0% from the September 30th total of 1,010,000 shares. Based on an average trading volume of 205,200 shares, the short-interest ratio is currently 4.5 days.

Insider Transactions at Compass Diversified

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new stake in Compass Diversified during the second quarter worth approximately $33,000. Farther Finance Advisors LLC lifted its position in shares of Compass Diversified by 273.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,625 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Compass Diversified during the second quarter worth $53,000. Ridgewood Investments LLC acquired a new stake in Compass Diversified in the second quarter worth $55,000. Finally, Nisa Investment Advisors LLC increased its stake in Compass Diversified by 190.3% in the third quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Price Performance

NYSE CODI traded down $0.68 during trading on Friday, hitting $21.02. 200,571 shares of the company’s stock were exchanged, compared to its average volume of 204,806. The stock’s 50 day moving average price is $21.35 and its two-hundred day moving average price is $21.89. Compass Diversified has a fifty-two week low of $17.36 and a fifty-two week high of $25.07. 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 company has a market cap of $1.59 billion, a PE ratio of 43.90, a P/E/G ratio of 1.36 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.39. The business had revenue of $542.60 million during the quarter, compared to analysts’ expectations of $550.45 million. Compass Diversified had a return on equity of 12.21% and a net margin of 6.24%. Research analysts expect that Compass Diversified will post 1.9 EPS for the current year.

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders 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 dividend yield of 4.76%. Compass Diversified’s dividend payout ratio (DPR) is 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.