Atria Investments Inc Grows Stock Position in Compass Diversified (NYSE:CODI)

Atria Investments Inc increased its stake in Compass Diversified (NYSE:CODI) by 4.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 67,372 shares of the financial services provider’s stock after purchasing an additional 2,721 shares during the quarter. Atria Investments Inc’s holdings in Compass Diversified were worth $1,491,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in Compass Diversified by 3.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock valued at $94,224,000 after acquiring an additional 140,384 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Compass Diversified by 20.2% in 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 buying an additional 218,394 shares during the period. Sei Investments Co. boosted its position in Compass Diversified by 9.2% during the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock valued at $15,392,000 after purchasing an additional 59,172 shares during the last quarter. Gilman Hill Asset Management LLC lifted its position in shares of Compass Diversified by 1.3% in the third quarter. Gilman Hill Asset Management LLC now owns 389,774 shares of the financial services provider’s stock worth $8,626,000 after buying an additional 4,926 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in shares of Compass Diversified by 1.5% in the third quarter. North Star Investment Management Corp. now owns 354,432 shares of the financial services provider’s stock worth $7,844,000 after buying an additional 5,071 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Insider Buying and Selling at Compass Diversified

In other news, insider Patrick A. Maciariello bought 5,000 shares of the stock in a transaction on Friday, September 20th. The stock was purchased at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the acquisition, the insider now owns 228,518 shares in the company, valued at approximately $4,997,688.66. This trade represents a 2.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the transaction, the insider now owns 7,456,197 shares of the company’s stock, valued at approximately $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified Trading Up 0.7 %

Compass Diversified stock opened at $22.95 on Friday. Compass Diversified has a 52 week low of $19.76 and a 52 week high of $25.07. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The firm has a market capitalization of $1.74 billion, a PE ratio of 47.92, a PEG ratio of 1.49 and a beta of 1.67. The business’s 50-day simple moving average is $21.48 and its 200-day simple moving average is $21.86.

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

Compass Diversified Dividend Announcement

The firm 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 dividend yield of 4.36%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

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.