Compass Diversified (NYSE:CODI) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its stake in Compass Diversified (NYSE:CODI) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 100,878 shares of the financial services provider’s stock after purchasing an additional 4,374 shares during the period. Raymond James & Associates’ holdings in Compass Diversified were worth $2,265,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Compass Diversified by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,043,989 shares of the financial services provider’s stock valued at $94,676,000 after purchasing an additional 23,041 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Compass Diversified by 5.1% in the second quarter. BlackRock Inc. now owns 3,423,231 shares of the financial services provider’s stock valued at $74,250,000 after buying an additional 167,341 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Compass Diversified by 0.7% in the third quarter. The Manufacturers Life Insurance Company now owns 1,507,150 shares of the financial services provider’s stock valued at $28,289,000 after buying an additional 10,570 shares during the last quarter. State Street Corp grew its position in Compass Diversified by 2.5% during the second quarter. State Street Corp now owns 1,083,388 shares of the financial services provider’s stock worth $23,499,000 after buying an additional 26,137 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Compass Diversified by 1.5% during the second quarter. Royal Bank of Canada now owns 972,034 shares of the financial services provider’s stock valued at $21,084,000 after buying an additional 13,982 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Price Performance

CODI opened at $22.42 on Wednesday. The company has a fifty day simple moving average of $23.32 and a 200 day simple moving average of $21.41. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 9.70 and a beta of 1.72. Compass Diversified has a twelve month low of $16.88 and a twelve month high of $25.07. The company has a current ratio of 5.13, a quick ratio of 2.76 and a debt-to-equity ratio of 1.37.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The firm had revenue of $566.99 million for the quarter, compared to analyst estimates of $581.07 million. Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. Equities research analysts expect that Compass Diversified will post 1.93 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Wednesday, April 17th. Compass Diversified’s dividend payout ratio is currently 43.29%.

Insiders Place Their Bets

In related news, insider Elias Sabo acquired 30,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was bought at an average cost of $22.10 per share, with a total value of $663,000.00. Following the acquisition, the insider now directly owns 615,549 shares in the company, valued at $13,603,632.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Elias Sabo acquired 30,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was bought at an average cost of $22.10 per share, with a total value of $663,000.00. Following the acquisition, the insider now directly owns 615,549 shares in the company, valued at $13,603,632.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Patrick A. Maciariello acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average cost of $22.35 per share, with a total value of $223,500.00. Following the completion of the acquisition, the insider now owns 211,018 shares in the company, valued at $4,716,252.30. The disclosure for this purchase can be found here. Insiders purchased a total of 75,123 shares of company stock valued at $1,684,632 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

CODI has been the topic of several recent analyst reports. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Wednesday, March 6th. Bank of America increased their price objective on shares of Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Oppenheimer increased their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 5th.

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.