ProShare Advisors LLC Sells 3,322 Shares of Compass Diversified (NYSE:CODI)

ProShare Advisors LLC trimmed its holdings in Compass Diversified (NYSE:CODI) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,477 shares of the financial services provider’s stock after selling 3,322 shares during the period. ProShare Advisors LLC’s holdings in Compass Diversified were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wedbush Securities Inc. grew its position in shares of Compass Diversified by 2.1% in the 2nd quarter. Wedbush Securities Inc. now owns 28,405 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 571 shares during the period. Dakota Wealth Management boosted its holdings in shares of Compass Diversified by 3.4% in the second quarter. Dakota Wealth Management now owns 30,214 shares of the financial services provider’s stock valued at $661,000 after buying an additional 990 shares during the period. Inspire Investing LLC increased its position in shares of Compass Diversified by 8.4% during the second quarter. Inspire Investing LLC now owns 16,166 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 1,254 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Compass Diversified by 20.4% during the second quarter. Van ECK Associates Corp now owns 7,571 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 1,285 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Compass Diversified during the first quarter worth $30,000. 72.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Cgi Magyar Holdings Llc sold 100,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $22.55, for a total transaction of $2,255,000.00. Following the completion of the transaction, the insider now owns 7,891,471 shares in the company, valued at $177,952,671.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Ryan J. Faulkingham acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the purchase, the insider now directly owns 35,950 shares in the company, valued at approximately $725,111.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 100,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $22.55, for a total transaction of $2,255,000.00. Following the completion of the transaction, the insider now directly owns 7,891,471 shares of the company’s stock, valued at $177,952,671.05. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

Compass Diversified Price Performance

Shares of NYSE CODI opened at $21.82 on Wednesday. The company has a fifty day moving average price of $21.56 and a 200 day moving average price of $22.26. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07. The firm has a market cap of $1.64 billion, a PE ratio of 128.35, a PEG ratio of 1.43 and a beta of 1.68. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.39. The business had revenue of $542.60 million during the quarter, compared to the consensus estimate of $550.45 million. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. Research analysts predict that Compass Diversified will post 1.9 earnings per share for the current fiscal year.

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.