Patrick A. Maciariello Purchases 5,000 Shares of Compass Diversified (NYSE:CODI) Stock

Compass Diversified (NYSE:CODI) insider Patrick A. Maciariello purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the purchase, the insider now directly owns 228,518 shares in the company, valued at $4,997,688.66. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Compass Diversified Trading Up 1.0 %

NYSE CODI opened at $21.95 on Wednesday. Compass Diversified has a 12 month low of $16.88 and a 12 month high of $25.07. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48. The stock’s fifty day moving average price is $21.71 and its 200-day moving average price is $22.32. The stock has a market cap of $1.65 billion, a P/E ratio of 129.12, a P/E/G ratio of 1.34 and a beta of 1.68.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.44 by $0.39. The company had revenue of $542.60 million for the quarter, compared to the consensus estimate of $550.45 million. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. As a group, equities analysts forecast that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Thursday, July 18th. Compass Diversified’s dividend payout ratio (DPR) is currently 588.24%.

Hedge Funds Weigh In On Compass Diversified

A number of hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Compass Diversified by 2.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,117,375 shares of the financial services provider’s stock worth $90,129,000 after purchasing an additional 80,089 shares in the last quarter. William Blair Investment Management LLC raised its position in Compass Diversified by 8.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock worth $45,079,000 after buying an additional 150,990 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Compass Diversified by 8.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock valued at $36,666,000 after acquiring an additional 126,072 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Compass Diversified by 186.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock valued at $32,932,000 after acquiring an additional 890,413 shares during the last quarter. Finally, Essex Financial Services Inc. grew its stake in shares of Compass Diversified by 45.0% in the second quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock worth $23,966,000 after acquiring an additional 339,698 shares during the period. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

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.