D.A. Davidson & CO. Buys New Shares in Compass Diversified (NYSE:CODI)

Posted by Defense World Staff on Apr 28th, 2023

D.A. Davidson & CO. purchased a new stake in shares of Compass Diversified (NYSE:CODI – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,111 shares of the financial services provider’s stock, valued at approximately $1,132,000. D.A. Davidson & CO. owned about 0.09% of Compass Diversified as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CODI. Creative Planning grew its stake in shares of Compass Diversified by 3.3% in the second quarter. Creative Planning now owns 16,182 shares of the financial services provider’s stock valued at $347,000 after buying an additional 517 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in Compass Diversified by 7.8% in the third quarter. Vestmark Advisory Solutions Inc. now owns 10,543 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 765 shares during the last quarter. Hunter Associates Investment Management LLC grew its position in shares of Compass Diversified by 2.8% in the 4th quarter. Hunter Associates Investment Management LLC now owns 36,650 shares of the financial services provider’s stock valued at $663,000 after acquiring an additional 1,000 shares during the period. Keeley Teton Advisors LLC increased its stake in shares of Compass Diversified by 2.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 39,150 shares of the financial services provider’s stock worth $931,000 after purchasing an additional 1,000 shares during the last quarter. Finally, 1620 Investment Advisors Inc. raised its holdings in shares of Compass Diversified by 7.3% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 15,643 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 1,071 shares during the period. 48.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CODI. B. Riley restated a “buy” rating on shares of Compass Diversified in a research note on Wednesday, April 12th. StockNews.com started coverage on Compass Diversified in a report on Thursday, March 16th. They set a “hold” rating for the company.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, major shareholder Anholt Investments Ltd. purchased 5,092 shares of the company’s stock in a transaction dated Monday, March 20th. The stock was bought at an average cost of $17.97 per share, for a total transaction of $91,503.24. Following the completion of the transaction, the insider now owns 7,942,974 shares in the company, valued at $142,735,242.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Compass Diversified Trading Up 2.6 %

Shares of CODI stock opened at $18.86 on Friday. Compass Diversified has a 12-month low of $16.32 and a 12-month high of $25.94. The company has a market capitalization of $1.36 billion, a PE ratio of -78.58 and a beta of 1.75. The firm has a 50 day moving average price of $19.47 and a two-hundred day moving average price of $19.57. The company has a quick ratio of 1.33, a current ratio of 3.36 and a debt-to-equity ratio of 1.72.

Compass Diversified (NYSE:CODI – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.14). The firm had revenue of $594.92 million during the quarter, compared to the consensus estimate of $598.74 million. Compass Diversified had a net margin of 1.64% and a return on equity of 7.98%. As a group, analysts predict that Compass Diversified will post 1.67 earnings per share for the current year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 27th. Investors of record on Thursday, April 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Wednesday, April 19th. Compass Diversified’s dividend payout ratio is -416.67%.

Compass Diversified Profile

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Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire.