Compass Diversified (NYSE:CODI) Short Interest Update

Compass Diversified (NYSE:CODI) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 844,200 shares, a drop of 7.5% from the August 31st total of 912,500 shares. Based on an average daily volume of 230,600 shares, the short-interest ratio is presently 3.7 days.

Compass Diversified Stock Down 0.7 %

NYSE CODI traded down $0.15 on Tuesday, reaching $21.98. The company had a trading volume of 103,812 shares, compared to its average volume of 208,879. The stock has a market capitalization of $1.66 billion, a P/E ratio of 130.18, a P/E/G ratio of 1.43 and a beta of 1.68. The company’s fifty day moving average is $21.59 and its 200 day moving average is $22.28. Compass Diversified has a 52-week low of $16.88 and a 52-week high of $25.07. The company has a quick ratio of 1.65, a current ratio of 4.18 and a debt-to-equity ratio of 1.48.

Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.39. The company had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $550.45 million. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. Sell-side analysts anticipate that Compass Diversified will post 1.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ryan J. Faulkingham bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $20.17 per share, for a total transaction of $40,340.00. Following the acquisition, the insider now directly owns 35,950 shares in the company, valued at $725,111.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Patrick A. Maciariello purchased 5,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average cost of $21.87 per share, with a total value of $109,350.00. Following the transaction, the insider now owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan J. Faulkingham purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $20.17 per share, with a total value of $40,340.00. Following the completion of the transaction, the insider now directly owns 35,950 shares in the company, valued at approximately $725,111.50. The disclosure for this purchase can be found here. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Compass Diversified

Hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its position in shares of Compass Diversified by 15.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,505 shares of the financial services provider’s stock valued at $348,000 after buying an additional 2,103 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Compass Diversified by 8.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock worth $36,666,000 after purchasing an additional 126,072 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Compass Diversified during the first quarter worth about $30,000. Global Assets Advisory LLC purchased a new position in shares of Compass Diversified during the first quarter worth about $269,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Compass Diversified during the first quarter worth about $48,000. 72.73% of the stock is currently owned by institutional investors.

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.