Compass Diversified (NYSE:CODI) Sees Large Decline in Short Interest

Compass Diversified (NYSE:CODI) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 818,100 shares, a decline of 10.7% from the August 15th total of 916,100 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 128,400 shares, the short-interest ratio is currently 6.4 days.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Elias Sabo purchased 45,000 shares of Compass Diversified stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of $22.38 per share, for a total transaction of $1,007,100.00. Following the acquisition, the insider now owns 326,826 shares in the company, valued at approximately $7,314,365.88. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Compass Diversified news, insider Patrick A. Maciariello acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of $20.21 per share, with a total value of $202,100.00. Following the acquisition, the insider now directly owns 201,018 shares of the company’s stock, valued at $4,062,573.78. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Elias Sabo acquired 45,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $22.38 per share, for a total transaction of $1,007,100.00. Following the completion of the acquisition, the insider now directly owns 326,826 shares in the company, valued at $7,314,365.88. The disclosure for this purchase can be found here. Insiders purchased a total of 60,000 shares of company stock valued at $1,320,100 in the last three months. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Compass Diversified

A number of institutional investors have recently modified their holdings of CODI. Wells Fargo & Company MN boosted its stake in shares of Compass Diversified by 13.6% during the 2nd quarter. Wells Fargo & Company MN now owns 187,325 shares of the financial services provider’s stock valued at $4,063,000 after buying an additional 22,361 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Compass Diversified by 1.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 106,615 shares of the financial services provider’s stock valued at $2,312,000 after buying an additional 1,821 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Compass Diversified by 71.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 186,375 shares of the financial services provider’s stock valued at $4,042,000 after buying an additional 77,522 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Compass Diversified by 1.5% during the 2nd quarter. Royal Bank of Canada now owns 972,034 shares of the financial services provider’s stock valued at $21,084,000 after buying an additional 13,982 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Compass Diversified by 2.4% during the 2nd quarter. Stifel Financial Corp now owns 39,435 shares of the financial services provider’s stock valued at $855,000 after buying an additional 913 shares during the last quarter. Hedge funds and other institutional investors own 50.41% of the company’s stock.

Compass Diversified Stock Down 1.3 %

CODI stock traded down $0.26 during midday trading on Monday, reaching $19.49. 141,717 shares of the company were exchanged, compared to its average volume of 170,468. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.39 and a current ratio of 3.77. Compass Diversified has a 1-year low of $16.32 and a 1-year high of $22.91. The stock’s 50-day simple moving average is $21.36 and its 200 day simple moving average is $20.32. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 49.98 and a beta of 1.76.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. Compass Diversified had a net margin of 2.95% and a return on equity of 8.12%. The firm had revenue of $524.16 million for the quarter, compared to analyst estimates of $559.30 million. On average, equities analysts forecast that Compass Diversified will post 1.63 earnings per share for the current year.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend was Wednesday, July 19th. Compass Diversified’s dividend payout ratio is currently 256.42%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Compass Diversified in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

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, safety & security, electronic components, food, foodservice.