Compass Diversified (NYSE:CODI) Shares Sold by UBS Group AG

UBS Group AG reduced its stake in Compass Diversified (NYSE:CODI – Get Rating) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 604,644 shares of the financial services provider’s stock after selling 19,682 shares during the period. UBS Group AG owned 0.84% of Compass Diversified worth $11,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CODI. Capital Advisors Ltd. LLC acquired a new position in Compass Diversified in the fourth quarter valued at approximately $25,000. Ensign Peak Advisors Inc acquired a new stake in shares of Compass Diversified in the 3rd quarter worth about $29,000. Quantbot Technologies LP acquired a new stake in shares of Compass Diversified in the 2nd quarter worth about $55,000. Evermay Wealth Management LLC acquired a new stake in shares of Compass Diversified in the 4th quarter worth about $57,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Compass Diversified by 129.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,847 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 3,865 shares during the period. 48.47% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Price Performance

NYSE CODI opened at $20.12 on Tuesday. Compass Diversified has a 12 month low of $16.32 and a 12 month high of $25.94. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.50 and a quick ratio of 1.29. The firm has a market capitalization of $1.45 billion, a PE ratio of 22.11 and a beta of 1.75. The company’s 50 day simple moving average is $18.94 and its 200 day simple moving average is $19.57.

Compass Diversified (NYSE:CODI – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The financial services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.14). Compass Diversified had a net margin of 5.24% and a return on equity of 7.27%. The company had revenue of $594.92 million for the quarter, compared to analyst estimates of $598.74 million. As a group, equities research analysts forecast that Compass Diversified will post 1.57 EPS for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 27th. Shareholders of record on Thursday, April 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Wednesday, April 19th. Compass Diversified’s payout ratio is 109.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CODI. StockNews.com began coverage on shares of Compass Diversified in a report on Thursday, May 18th. They issued a “hold” rating on the stock. B. Riley restated a “buy” rating on shares of Compass Diversified in a research note on Wednesday, April 12th.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, major shareholder Anholt Investments Ltd. purchased 5,092 shares of the business’s stock in a transaction on Monday, March 20th. The stock was bought at an average cost of $17.97 per share, with a total value of $91,503.24. Following the acquisition, the insider now owns 7,942,974 shares of the company’s stock, valued at $142,735,242.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Elias Sabo bought 4,784 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average cost of $19.37 per share, for a total transaction of $92,666.08. Following the acquisition, the insider now directly owns 269,181 shares of the company’s stock, valued at approximately $5,214,035.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Anholt Investments Ltd. bought 5,092 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The stock was bought at an average price of $17.97 per share, for a total transaction of $91,503.24. Following the completion of the acquisition, the insider now directly owns 7,942,974 shares in the company, valued at $142,735,242.78. The disclosure for this purchase can be found here. In the last three months, insiders acquired 24,020 shares of company stock valued at $449,652. 2.40% of the stock is owned by insiders.

About Compass Diversified

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Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire.