10,500 Shares in Compass Diversified (NYSE:CODI) Bought by Capital Investment Advisory Services LLC

Posted by Defense World Staff on Jul 8th, 2023

Capital Investment Advisory Services LLC bought a new position in shares of Compass Diversified (NYSE:CODI – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,500 shares of the financial services provider’s stock, valued at approximately $200,000.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in Compass Diversified by 2.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 128,109 shares of the financial services provider’s stock valued at $2,335,000 after purchasing an additional 3,314 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Compass Diversified by 1.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 45,433 shares of the financial services provider’s stock valued at $828,000 after purchasing an additional 514 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in Compass Diversified by 1.8% in the first quarter. Gilman Hill Asset Management LLC now owns 401,267 shares of the financial services provider’s stock valued at $7,656,000 after purchasing an additional 7,092 shares in the last quarter. Victory Capital Management Inc. increased its stake in Compass Diversified by 130.3% in the fourth quarter. Victory Capital Management Inc. now owns 314,800 shares of the financial services provider’s stock valued at $7,026,000 after purchasing an additional 178,114 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in Compass Diversified by 5.4% in the fourth quarter. Wedbush Securities Inc. now owns 30,519 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 1,552 shares in the last quarter. Institutional investors own 49.46% of the company’s stock.

Compass Diversified Trading Down 0.2 %

NYSE:CODI opened at $21.46 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.50 and a quick ratio of 1.29. The firm has a 50-day moving average of $20.42 and a 200-day moving average of $20.06. The company has a market cap of $1.54 billion, a PE ratio of 23.58 and a beta of 1.74. Compass Diversified has a one year low of $16.32 and a one year high of $25.09.

Compass Diversified (NYSE:CODI – Free Report) last released its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Compass Diversified had a return on equity of 7.27% and a net margin of 5.24%. The firm had revenue of $542.23 million for the quarter, compared to analysts’ expectations of $545.55 million. As a group, equities research analysts expect that Compass Diversified will post 1.69 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Thursday, July 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Wednesday, July 19th. Compass Diversified’s dividend payout ratio (DPR) is presently 109.89%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CODI shares. B. Riley reaffirmed a “buy” rating on shares of Compass Diversified in a research note on Wednesday, April 12th. StockNews.com assumed coverage on shares of Compass Diversified in a research report on Thursday, May 18th. They set a “hold” rating for the company.

Insider Buying and Selling

In other news, insider Elias Sabo purchased 4,784 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average cost of $19.37 per share, for a total transaction of $92,666.08. Following the completion of the acquisition, the insider now owns 269,181 shares in the company, valued at $5,214,035.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Compass Diversified Company Profile

(Free Report)

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.