Compass Diversified (NYSE:CODI) Short Interest Update

Compass Diversified (NYSE:CODI) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 844,200 shares, a decrease of 7.5% from the August 31st total of 912,500 shares. Based on an average daily trading volume, of 230,600 shares, the days-to-cover ratio is currently 3.7 days.

Insiders Place Their Bets

In other Compass Diversified 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 completion of the sale, the insider now owns 7,891,471 shares of the company’s stock, valued at $177,952,671.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Ryan J. Faulkingham acquired 2,000 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the completion of the transaction, 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 available at the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $22.55, for a total value of $2,255,000.00. Following the completion of the sale, the insider now owns 7,891,471 shares of the company’s stock, valued at approximately $177,952,671.05. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Compass Diversified

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

Compass Diversified Trading Down 0.7 %

CODI stock traded down $0.15 during midday trading on Tuesday, hitting $21.98. The company had a trading volume of 103,812 shares, compared to its average volume of 208,879. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48. Compass Diversified has a 52 week low of $16.88 and a 52 week high of $25.07. The stock’s 50 day moving average price is $21.59 and its 200 day moving average price is $22.28. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 130.18, a PEG ratio of 1.43 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. The company had revenue of $542.60 million during the quarter, compared to the consensus estimate of $550.45 million. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. As a group, equities research analysts expect that Compass Diversified will post 1.9 earnings per share for the current fiscal year.

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.