Compass Diversified (NYSE:CODI) Short Interest Update

Compass Diversified (NYSE:CODIGet Rating) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 693,000 shares, a growth of 34.7% from the April 15th total of 514,400 shares. Based on an average daily volume of 278,100 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.2% of the shares of the company are short sold.

CODI has been the subject of several analyst reports. B. Riley assumed coverage on Compass Diversified in a report on Friday, April 8th. They issued a “buy” rating and a $33.00 price objective for the company. Zacks Investment Research raised Compass Diversified from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. StockNews.com began coverage on shares of Compass Diversified in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TheStreet lowered shares of Compass Diversified from a “b-” rating to a “c+” rating in a report on Wednesday, March 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Compass Diversified currently has a consensus rating of “Hold” and a consensus price target of $33.00.

In other Compass Diversified news, insider Patrick A. Maciariello purchased 6,000 shares of Compass Diversified stock in a transaction on Monday, February 28th. The stock was bought at an average cost of $23.29 per share, with a total value of $139,740.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Several large investors have recently bought and sold shares of CODI. Lazard Asset Management LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at approximately $30,000. Cedar Wealth Management LLC grew its holdings in Compass Diversified by 126.4% in the 3rd quarter. Cedar Wealth Management LLC now owns 1,064 shares of the financial services provider’s stock valued at $30,000 after buying an additional 594 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Compass Diversified in the 1st quarter worth $27,000. Salem Investment Counselors Inc. raised its holdings in shares of Compass Diversified by 1,032.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,132 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 1,032 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Compass Diversified by 408.9% during the 1st quarter. National Bank of Canada FI now owns 1,145 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 920 shares during the last quarter. 38.53% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CODI opened at $22.72 on Monday. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 1.59 and a beta of 1.79. The stock has a 50-day moving average of $22.98 and a 200 day moving average of $26.35. The company has a current ratio of 3.00, a quick ratio of 1.52 and a debt-to-equity ratio of 1.31. Compass Diversified has a twelve month low of $20.30 and a twelve month high of $33.31.

Compass Diversified (NYSE:CODIGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The financial services provider reported $0.25 EPS for the quarter. The firm had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $508.83 million. Compass Diversified had a return on equity of 18.27% and a net margin of 5.90%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share. Equities analysts predict that Compass Diversified will post 1.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 28th. Stockholders of record on Thursday, April 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Wednesday, April 20th. Compass Diversified’s dividend payout ratio (DPR) is 153.85%.

Compass Diversified Company Profile (Get Rating)

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, safety & security, electronic components, food, foodservice.

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