Mackenzie Financial Corp Acquires New Shares in Compass Diversified (NYSE:CODI)

Mackenzie Financial Corp bought a new position in Compass Diversified (NYSE:CODI) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 9,995 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other hedge funds have also recently modified their holdings of CODI. NBC Securities Inc. purchased a new stake in Compass Diversified in the third quarter worth approximately $48,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Compass Diversified in the third quarter worth $79,000. SG Americas Securities LLC purchased a new stake in Compass Diversified during the third quarter valued at $109,000. Sweet Financial Partners LLC bought a new position in Compass Diversified in the fourth quarter valued at about $224,000. Finally, Advisor Partners II LLC purchased a new position in Compass Diversified in the third quarter worth about $232,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Up 1.3 %

CODI stock opened at $22.62 on Monday. The business’s 50-day moving average price is $23.36 and its 200-day moving average price is $21.66. The stock has a market cap of $1.70 billion, a P/E ratio of 9.79 and a beta of 1.72. 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 has a twelve month low of $16.88 and a twelve month high of $25.07.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results 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). The firm had revenue of $566.99 million for the quarter, compared to analysts’ expectations of $581.07 million. Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. On average, equities research analysts forecast that Compass Diversified will post 1.93 EPS for the current year.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were paid a $0.25 dividend. The ex-dividend date was Wednesday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.42%. Compass Diversified’s payout ratio is presently 43.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer upped their price target on shares of Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Tuesday, March 5th. Bank of America increased their price target 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, William Blair reissued an “outperform” rating on shares of Compass Diversified in a research report on Wednesday, March 6th.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Patrick A. Maciariello acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average price of $22.35 per share, with a total value of $223,500.00. Following the completion of the purchase, the insider now directly owns 211,018 shares in the company, valued at approximately $4,716,252.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Patrick A. Maciariello acquired 10,000 shares of Compass Diversified stock in a transaction dated Wednesday, January 31st. The shares were purchased at an average price of $22.35 per share, for a total transaction of $223,500.00. Following the completion of the transaction, the insider now directly owns 211,018 shares in the company, valued at approximately $4,716,252.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the company’s stock in a transaction 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 transaction, the insider now owns 7,991,471 shares of the company’s stock, valued at approximately $199,147,457.32. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

About Compass Diversified

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.