Dakota Wealth Management Sells 1,560 Shares of Compass Diversified (NYSE:CODI)

Dakota Wealth Management lowered its stake in Compass Diversified (NYSE:CODI) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,654 shares of the financial services provider’s stock after selling 1,560 shares during the quarter. Dakota Wealth Management’s holdings in Compass Diversified were worth $634,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Compass Diversified in the third quarter valued at approximately $1,058,000. Allspring Global Investments Holdings LLC lifted its position in shares of Compass Diversified by 3.4% in 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. Swedbank AB bought a new stake in shares of Compass Diversified in the third quarter worth $3,306,000. 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 purchasing an additional 4,926 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Compass Diversified by 15.2% in the third quarter. Inspire Investing LLC now owns 18,619 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 2,453 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Performance

Shares of CODI stock opened at $20.55 on Monday. The company’s fifty day simple moving average is $21.38 and its 200-day simple moving average is $21.95. 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 firm has a market cap of $1.55 billion, a PE ratio of 120.88, a P/E/G ratio of 1.38 and a beta of 1.67. Compass Diversified has a 12 month low of $16.88 and a 12 month high of $25.07.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.39. The business had revenue of $542.60 million for the quarter, compared to analyst estimates of $550.45 million. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. Equities research analysts expect that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently declared 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 4.87%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s dividend payout ratio (DPR) is currently 588.24%.

Insiders Place Their Bets

In other news, insider Ryan J. Faulkingham purchased 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $20.17 per share, with a total value of $40,340.00. Following the completion of the transaction, the insider now owns 35,950 shares of the company’s stock, valued at $725,111.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ryan J. Faulkingham purchased 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $20.17 per share, with a total value of $40,340.00. Following the completion of the transaction, the insider now owns 35,950 shares of the company’s stock, valued at $725,111.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick A. Maciariello purchased 5,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were purchased at an average cost of $21.87 per share, for a total transaction of $109,350.00. Following the completion of the transaction, the insider now directly 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 disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

About Compass Diversified

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.