Compass Diversified (NYSE:CODI) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Compass Diversified (NYSE:CODI) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,384 shares of the financial services provider’s stock after buying an additional 8,155 shares during the quarter. Janney Montgomery Scott LLC owned about 0.30% of Compass Diversified worth $5,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Compass Diversified by 273.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,625 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Compass Diversified by 190.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock worth $68,000 after buying an additional 2,000 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Compass Diversified by 29.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock worth $74,000 after buying an additional 729 shares in the last quarter. Quest Partners LLC raised its position in shares of Compass Diversified by 245.7% during the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock worth $165,000 after buying an additional 5,288 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Compass Diversified during the 3rd quarter worth about $173,000. 72.73% of the stock is currently owned by institutional investors.

Insider Transactions at Compass Diversified

In related news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the transaction, the insider now directly owns 7,456,197 shares of the company’s stock, valued at approximately $171,865,340.85. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen started coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price target on the stock. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $29.00.

Compass Diversified Stock Down 0.3 %

NYSE CODI opened at $21.26 on Thursday. The company’s 50 day simple moving average is $22.76 and its 200 day simple moving average is $22.10. The company has a market capitalization of $1.61 billion, a P/E ratio of 44.28, a PEG ratio of 1.27 and a beta of 1.65. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07.

Compass Diversified (NYSE:CODI) last released its 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. The business had revenue of $582.62 million for the quarter, compared to the consensus estimate of $571.68 million. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Equities research analysts expect that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is currently 208.33%.

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.