Compass Diversified (NYSE:CODI) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Compass Diversified (NYSE:CODI) by 9.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 703,142 shares of the financial services provider’s stock after buying an additional 59,172 shares during the quarter. Sei Investments Co. owned approximately 0.93% of Compass Diversified worth $15,392,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CODI. Allspring Global Investments Holdings LLC grew its holdings in Compass Diversified by 2.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,117,375 shares of the financial services provider’s stock worth $90,129,000 after acquiring an additional 80,089 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Compass Diversified by 8.8% during the first quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock worth $45,079,000 after purchasing an additional 150,990 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Compass Diversified by 8.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock valued at $36,666,000 after buying an additional 126,072 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in Compass Diversified by 186.4% in the first quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock valued at $32,932,000 after buying an additional 890,413 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in Compass Diversified by 45.0% during the 2nd quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock worth $23,966,000 after buying an additional 339,698 shares during the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Compass Diversified Stock Performance

Shares of CODI opened at $22.02 on Friday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 129.42, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. Compass Diversified has a 52-week low of $16.88 and a 52-week high of $25.07. The company has a quick ratio of 1.65, a current ratio of 4.18 and a debt-to-equity ratio of 1.48. The stock has a 50 day moving average price of $21.67 and a 200 day moving average price of $22.32.

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, beating the consensus estimate of $0.44 by $0.39. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. The business had revenue of $542.60 million during the quarter, compared to analysts’ expectations of $550.45 million. Research analysts predict that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Thursday, July 18th. Compass Diversified’s dividend payout ratio (DPR) is currently 588.27%.

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.