Compass Diversified (NYSE:CODI) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its stake in Compass Diversified (NYSE:CODI) by 26.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,312 shares of the financial services provider’s stock after selling 464 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Compass Diversified were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. National Bank of Canada FI boosted its holdings in Compass Diversified by 11.5% in the 3rd quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider’s stock worth $4,876,000 after buying an additional 22,792 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Compass Diversified by 5.1% in the third quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 572 shares in the last quarter. De Lisle Partners LLP acquired a new stake in shares of Compass Diversified in the third quarter worth approximately $339,000. BNP Paribas Financial Markets increased its position in shares of Compass Diversified by 10.2% during the third quarter. BNP Paribas Financial Markets now owns 14,360 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 1,331 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Compass Diversified during the third quarter worth approximately $173,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other Compass Diversified news, insider Patrick A. Maciariello purchased 5,000 shares of the firm’s stock in a transaction dated 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 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following the transaction, the insider now owns 7,456,197 shares of the company’s stock, valued at approximately $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. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified Price Performance

NYSE:CODI opened at $23.62 on Monday. Compass Diversified has a one year low of $19.76 and a one year high of $25.07. The stock has a market cap of $1.79 billion, a PE ratio of 49.21, a P/E/G ratio of 1.54 and a beta of 1.66. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The stock has a 50 day moving average price of $22.35 and a 200 day moving average price of $22.06.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The business had revenue of $582.62 million during 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 revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. Equities research analysts expect that Compass Diversified will post 1.96 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s dividend payout ratio (DPR) is presently 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.