Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Compass Diversified (NYSE:CODI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Compass Diversified (NYSE:CODI) by 17.6% during the 4th quarter, Holdings Channel reports. The firm owned 15,106 shares of the financial services provider’s stock after purchasing an additional 2,263 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Compass Diversified were worth $339,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Compass Diversified by 21,508.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,690,210 shares of the financial services provider’s stock worth $82,845,000 after acquiring an additional 3,673,132 shares during the period. Blair William & Co. IL increased its position in Compass Diversified by 12.2% in the third 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 during the last quarter. Navellier & Associates Inc. purchased a new position in shares of Compass Diversified during the 3rd quarter valued at $1,239,000. International Assets Investment Management LLC purchased a new stake in Compass Diversified in the 4th quarter worth about $1,018,000. Finally, North Star Investment Management Corp. raised its holdings 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 during the period. 72.73% of the stock is owned by institutional investors.

Insider Activity at Compass Diversified

In other news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the firm’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 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 Securities & Exchange Commission, which is available through this hyperlink. 1.76% of the stock is owned by corporate insiders.

Compass Diversified Stock Performance

Compass Diversified stock opened at $21.68 on Friday. The firm has a 50-day moving average of $23.29 and a 200-day moving average of $21.76. The firm has a market cap of $1.63 billion, a P/E ratio of 127.53 and a beta of 1.72. 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 has a 1-year low of $16.88 and a 1-year high of $25.07.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.09). Compass Diversified had a return on equity of 11.84% and a net margin of 4.61%. The company had revenue of $566.99 million during the quarter, compared to analysts’ expectations of $581.07 million. Sell-side analysts expect that Compass Diversified will post 1.93 EPS for the current year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. Compass Diversified’s dividend payout ratio (DPR) is currently 588.24%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Oppenheimer increased their target price on shares of Compass Diversified from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 5th. Bank of America upped their target price 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 reiterated an “outperform” rating on shares of Compass Diversified in a report on Thursday.

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.