Bard Financial Services Inc. Acquires New Position in Compass Diversified (NYSE:CODI)

Bard Financial Services Inc. bought a new position in shares of Compass Diversified (NYSE:CODI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,925 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC purchased a new stake in shares of Compass Diversified during the second quarter worth $33,000. Farther Finance Advisors LLC increased its holdings in Compass Diversified by 273.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,625 shares during the period. Nisa Investment Advisors LLC raised its position in Compass Diversified by 190.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,000 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Compass Diversified in the 2nd quarter valued at about $137,000. Finally, Quest Partners LLC grew its position in shares of Compass Diversified by 245.7% during the third quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock worth $165,000 after buying an additional 5,288 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen assumed coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price target for the company.

Compass Diversified Stock Down 1.7 %

Shares of NYSE CODI traded down $0.40 during mid-day trading on Monday, reaching $22.50. The company had a trading volume of 90,303 shares, compared to its average volume of 109,428. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. Compass Diversified has a 52-week low of $19.76 and a 52-week high of $25.07. The stock has a market cap of $1.70 billion, a P/E ratio of 46.88, a PEG ratio of 1.54 and a beta of 1.65. The firm has a 50 day simple moving average of $22.97 and a two-hundred day simple moving average of $22.14.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $582.62 million during the quarter, compared to analysts’ expectations of $571.68 million. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Sell-side analysts predict that Compass Diversified will post 1.96 earnings per share for the current year.

Insider Buying and Selling

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the completion of the sale, the insider now directly owns 7,456,197 shares of the company’s stock, valued at $171,865,340.85. This represents a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.76% of the stock is owned by company insiders.

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.