Compass Diversified (NYSE:CODI) Sees Strong Trading Volume

Compass Diversified (NYSE:CODI) shares saw an uptick in trading volume on Friday . 138,618 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 205,425 shares.The stock last traded at $21.58 and had previously closed at $21.85.

Compass Diversified Stock Down 0.8 %

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’s 50 day moving average price is $21.80 and its 200 day moving average price is $22.39. The firm has a market cap of $1.63 billion, a PE ratio of 128.41, a PEG ratio of 1.34 and a beta of 1.68.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, beating 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. On average, equities research analysts expect that Compass Diversified will post 1.9 earnings per share for the current year.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Thursday, July 18th. Compass Diversified’s dividend payout ratio is currently 588.24%.

Insider Activity at Compass Diversified

In related news, insider Ryan J. Faulkingham bought 2,000 shares of the business’s stock in a transaction 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 purchase, the insider now directly owns 35,950 shares of the company’s stock, valued at $725,111.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Cgi Magyar Holdings Llc sold 100,000 shares of the company’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 transaction, the insider now directly owns 7,891,471 shares in the company, valued at $177,952,671.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan J. Faulkingham bought 2,000 shares of Compass Diversified stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the transaction, the insider now directly owns 35,950 shares of the company’s stock, valued at $725,111.50. The disclosure for this purchase can be found here. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Compass Diversified

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mather Group LLC. purchased a new position in Compass Diversified during the 1st quarter valued at about $30,000. HHM Wealth Advisors LLC acquired a new position in shares of Compass Diversified in the second quarter valued at approximately $33,000. Future Financial Wealth Managment LLC purchased a new stake in Compass Diversified during the 1st quarter worth approximately $48,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Compass Diversified during the 2nd quarter worth approximately $53,000. Finally, Ridgewood Investments LLC purchased a new position in Compass Diversified in the 2nd quarter valued at approximately $55,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

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.