Compass Diversified (NYSE:CODI) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in shares of Compass Diversified (NYSE:CODI – Get Rating) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,900 shares of the financial services provider’s stock after purchasing an additional 6,100 shares during the quarter. Swiss National Bank owned 0.22% of Compass Diversified worth $2,842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its holdings in Compass Diversified by 1.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 45,433 shares of the financial services provider’s stock valued at $828,000 after buying an additional 514 shares during the last quarter. Creative Planning increased its holdings in Compass Diversified by 3.3% in the second quarter. Creative Planning now owns 16,182 shares of the financial services provider’s stock valued at $347,000 after buying an additional 517 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Compass Diversified by 7.8% in the third quarter. Vestmark Advisory Solutions Inc. now owns 10,543 shares of the financial services provider’s stock valued at $190,000 after buying an additional 765 shares during the last quarter. Keeley Teton Advisors LLC increased its holdings in Compass Diversified by 2.6% in the first quarter. Keeley Teton Advisors LLC now owns 39,150 shares of the financial services provider’s stock valued at $931,000 after buying an additional 1,000 shares during the last quarter. Finally, Hunter Associates Investment Management LLC increased its holdings in Compass Diversified by 2.8% in the fourth quarter. Hunter Associates Investment Management LLC now owns 36,650 shares of the financial services provider’s stock valued at $663,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 48.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CODI shares. B. Riley reissued a “buy” rating on shares of Compass Diversified in a report on Wednesday, April 12th. StockNews.com started coverage on Compass Diversified in a report on Thursday, May 18th. They set a “hold” rating for the company.

Compass Diversified Stock Up 0.6 %

NYSE:CODI opened at $20.25 on Wednesday. The firm has a market capitalization of $1.46 billion, a PE ratio of 22.25 and a beta of 1.75. The stock has a 50 day moving average of $18.97 and a 200-day moving average of $19.57. Compass Diversified has a 52 week low of $16.32 and a 52 week high of $25.94. The company has a current ratio of 3.50, a quick ratio of 1.29 and a debt-to-equity ratio of 1.47.

Compass Diversified (NYSE:CODI – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.14). The business had revenue of $594.92 million for the quarter, compared to analyst estimates of $598.74 million. Compass Diversified had a return on equity of 7.27% and a net margin of 5.24%. Analysts predict that Compass Diversified will post 1.57 EPS for the current year.

Compass Diversified Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 27th. Stockholders of record on Thursday, April 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a $1.00 annualized dividend and a dividend yield of 4.94%. Compass Diversified’s dividend payout ratio is presently 109.89%.

Insider Transactions at Compass Diversified

In other Compass Diversified news, insider Elias Sabo acquired 14,144 shares of Compass Diversified stock in a transaction dated Tuesday, May 9th. The stock was acquired at an average cost of $18.77 per share, for a total transaction of $265,482.88. Following the completion of the transaction, the insider now owns 243,745 shares in the company, valued at approximately $4,575,093.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Anholt Investments Ltd. bought 5,092 shares of the business’s stock in a transaction on Monday, March 20th. The stock was purchased at an average cost of $17.97 per share, for a total transaction of $91,503.24. Following the completion of the transaction, the insider now directly owns 7,942,974 shares of the company’s stock, valued at approximately $142,735,242.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elias Sabo bought 14,144 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was purchased at an average price of $18.77 per share, with a total value of $265,482.88. Following the completion of the transaction, the insider now directly owns 243,745 shares of the company’s stock, valued at $4,575,093.65. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 24,020 shares of company stock worth $449,652. Company insiders own 2.40% of the company’s stock.

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.