Mirae Asset Global Investments Co. Ltd. Has $638,000 Stock Position in Compass Diversified (NYSE:CODI)

Mirae Asset Global Investments Co. Ltd. increased its position in Compass Diversified (NYSE:CODI) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,437 shares of the financial services provider’s stock after acquiring an additional 1,788 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Compass Diversified were worth $638,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Compass Diversified in the 4th quarter valued at about $1,018,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Compass Diversified by 5.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 143,380 shares of the financial services provider’s stock valued at $3,219,000 after acquiring an additional 7,834 shares during the last quarter. Raymond James & Associates increased its stake in shares of Compass Diversified by 4.5% in the 4th quarter. Raymond James & Associates now owns 100,878 shares of the financial services provider’s stock valued at $2,265,000 after acquiring an additional 4,374 shares during the last quarter. Sweet Financial Partners LLC bought a new stake in shares of Compass Diversified in the 4th quarter valued at about $224,000. Finally, Peak Financial Advisors LLC increased its stake in shares of Compass Diversified by 20.1% in the 4th quarter. Peak Financial Advisors LLC now owns 23,699 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 3,972 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $24.92, for a total transaction of $187,149.20. Following the completion of the transaction, the insider now owns 7,991,471 shares of the company’s stock, valued at approximately $199,147,457.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 7,991,471 shares of the company’s stock, valued at approximately $199,147,457.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Patrick A. Maciariello acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average cost of $22.35 per share, with a total value of $223,500.00. Following the acquisition, the insider now owns 211,018 shares in the company, valued at approximately $4,716,252.30. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Compass Diversified Price Performance

NYSE CODI opened at $22.33 on Friday. The business has a 50 day simple moving average of $23.37 and a 200 day simple moving average of $21.58. Compass Diversified has a 52-week low of $16.88 and a 52-week high of $25.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.76 and a current ratio of 5.13. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 9.67 and a beta of 1.72.

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

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Wednesday, April 17th. Compass Diversified’s dividend payout ratio (DPR) is currently 43.29%.

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.