International Assets Investment Management LLC Takes Position in Compass Diversified (NYSE:CODI)

International Assets Investment Management LLC purchased a new position in shares of Compass Diversified (NYSE:CODI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 45,349 shares of the financial services provider’s stock, valued at approximately $1,018,000. International Assets Investment Management LLC owned 0.06% of Compass Diversified at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Compass Diversified by 0.5% during 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 period. The Manufacturers Life Insurance Company boosted its position in shares of Compass Diversified by 0.7% during the third quarter. The Manufacturers Life Insurance Company now owns 1,507,150 shares of the financial services provider’s stock worth $28,289,000 after buying an additional 10,570 shares during the period. Blair William & Co. IL grew its holdings in Compass Diversified by 12.2% in the 3rd quarter. Blair William & Co. IL now owns 723,211 shares of the financial services provider’s stock worth $13,575,000 after buying an additional 78,397 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Compass Diversified by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 587,194 shares of the financial services provider’s stock valued at $11,022,000 after acquiring an additional 23,950 shares during the period. Finally, North Star Investment Management Corp. raised its stake in Compass Diversified by 12.8% during the 4th quarter. North Star Investment Management Corp. now owns 341,217 shares of the financial services provider’s stock valued at $7,660,000 after acquiring an additional 38,827 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CODI shares. Bank of America raised their price target on Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, March 7th. William Blair restated an “outperform” rating on shares of Compass Diversified in a research report on Wednesday, March 6th. Finally, Oppenheimer increased their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Tuesday, March 5th.

Insider Buying and Selling at Compass Diversified

In related news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of Compass Diversified stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.92, for a total value of $187,149.20. Following the transaction, the insider now directly owns 7,991,471 shares in the company, valued at approximately $199,147,457.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $24.92, for a total value of $187,149.20. Following the completion of the transaction, the insider now directly owns 7,991,471 shares in the company, valued at $199,147,457.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Elias Sabo bought 30,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was purchased at an average cost of $22.95 per share, for a total transaction of $688,500.00. Following the completion of the transaction, the insider now owns 675,549 shares of the company’s stock, valued at $15,503,849.55. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 70,000 shares of company stock valued at $1,575,000. Corporate insiders own 2.40% of the company’s stock.

Compass Diversified Trading Up 0.7 %

Shares of CODI stock opened at $22.96 on Tuesday. The stock has a 50-day simple moving average of $23.34 and a 200 day simple moving average of $21.53. The stock has a market capitalization of $1.73 billion, a P/E ratio of 9.94 and a beta of 1.72. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07. The company has a quick ratio of 2.76, a current ratio of 5.13 and a debt-to-equity ratio of 1.37.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. The business had revenue of $566.99 million for the quarter, compared to the consensus estimate of $581.07 million. On average, sell-side analysts expect that Compass Diversified will post 1.93 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $1.00 annualized dividend and a yield of 4.36%. Compass Diversified’s dividend payout ratio (DPR) is 43.29%.

Compass Diversified Company 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.