Janney Montgomery Scott LLC Raises Holdings in Compass Diversified (NYSE:CODI)

Janney Montgomery Scott LLC raised its stake in shares of Compass Diversified (NYSE:CODI) by 0.4% during the 3rd quarter, Holdings Channel reports. The fund owned 219,229 shares of the financial services provider’s stock after purchasing an additional 933 shares during the period. Janney Montgomery Scott LLC’s holdings in Compass Diversified were worth $4,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CODI. Lord Abbett & CO. LLC grew its position in shares of Compass Diversified by 186.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock worth $32,932,000 after buying an additional 890,413 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Compass Diversified by 14.0% in the second quarter. Bank of New York Mellon Corp now owns 240,161 shares of the financial services provider’s stock valued at $5,257,000 after acquiring an additional 29,580 shares in the last quarter. Sei Investments Co. grew its holdings in Compass Diversified by 9.2% in the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock worth $15,392,000 after purchasing an additional 59,172 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of Compass Diversified by 20.2% during the third quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock worth $27,372,000 after purchasing an additional 218,394 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Compass Diversified by 3.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock worth $94,224,000 after purchasing an additional 140,384 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Up 2.0 %

Compass Diversified stock opened at $22.70 on Friday. Compass Diversified has a 1-year low of $18.19 and a 1-year high of $25.07. The business has a fifty day moving average price of $21.34 and a 200-day moving average price of $21.86. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 47.29, a PEG ratio of 1.47 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The business had revenue of $582.62 million during the quarter, compared to the consensus estimate of $571.68 million. During the same quarter last year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that Compass Diversified will post 1.95 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s dividend payout ratio is presently 208.33%.

Insider Buying and Selling at Compass Diversified

In related news, insider Patrick A. Maciariello acquired 5,000 shares of the stock in a transaction dated Friday, September 20th. The stock was acquired 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 owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.76% of the stock is currently owned by company insiders.

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.