Wedbush Securities Inc. Buys 571 Shares of Compass Diversified (NYSE:CODI)

Wedbush Securities Inc. grew its stake in Compass Diversified (NYSE:CODI) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,405 shares of the financial services provider’s stock after acquiring an additional 571 shares during the quarter. Wedbush Securities Inc.’s holdings in Compass Diversified were worth $622,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new position in Compass Diversified during the first quarter valued at approximately $30,000. Future Financial Wealth Managment LLC acquired a new position in shares of Compass Diversified in the 1st quarter valued at $48,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Compass Diversified in the 2nd quarter valued at $53,000. Ridgewood Investments LLC acquired a new stake in Compass Diversified during the 2nd quarter worth $55,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Compass Diversified during the second quarter worth about $137,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Up 1.4 %

Shares of Compass Diversified stock opened at $20.55 on Friday. The company has a market capitalization of $1.55 billion, a P/E ratio of 120.89, a price-to-earnings-growth ratio of 1.35 and a beta of 1.68. The company has a debt-to-equity ratio of 1.48, a current ratio of 4.18 and a quick ratio of 1.65. The business has a 50-day moving average of $21.83 and a two-hundred day moving average of $22.44. Compass Diversified has a 1 year low of $16.88 and a 1 year high of $25.07.

Compass Diversified (NYSE:CODI) last posted 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. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. The business had revenue of $542.60 million during the quarter, compared to analysts’ expectations of $550.45 million. As a group, equities analysts predict that Compass Diversified will post 1.9 EPS for the current year.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors 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 annualized dividend and a yield of 4.87%. Compass Diversified’s dividend payout ratio is currently 588.27%.

Insider Buying and Selling

In other news, insider Ryan J. Faulkingham purchased 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price 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 approximately $725,111.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Compass Diversified news, insider Ryan J. Faulkingham purchased 2,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $23.02, for a total transaction of $1,604,056.62. Following the completion of the sale, the insider now directly owns 7,791,471 shares in the company, valued at approximately $179,359,662.42. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.

About Compass Diversified

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.