Wellington Shields Capital Management LLC Decreases Stake in Compass Diversified (NYSE:CODI)

Wellington Shields Capital Management LLC reduced its stake in shares of Compass Diversified (NYSE:CODI) by 58.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,220 shares of the financial services provider’s stock after selling 7,360 shares during the period. Wellington Shields Capital Management LLC’s holdings in Compass Diversified were worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CODI. Mather Group LLC. bought a new position in shares of Compass Diversified during the 1st quarter valued at approximately $30,000. Future Financial Wealth Managment LLC bought a new position in shares of Compass Diversified during the 1st quarter valued at approximately $48,000. Van ECK Associates Corp grew its position in shares of Compass Diversified by 24.5% during the 4th quarter. Van ECK Associates Corp now owns 5,118 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 1,008 shares during the period. Quest Partners LLC bought a new position in shares of Compass Diversified during the 4th quarter valued at approximately $207,000. Finally, Diversify Advisory Services LLC bought a new position in shares of Compass Diversified during the 1st quarter valued at approximately $207,000. 72.73% of the stock is owned by institutional investors.

Compass Diversified Stock Performance

CODI traded up $0.19 on Wednesday, hitting $21.42. The company’s stock had a trading volume of 49,780 shares, compared to its average volume of 201,611. The company’s 50 day simple moving average is $22.09 and its 200-day simple moving average is $22.59. The firm has a market cap of $1.61 billion, a P/E ratio of 124.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.68. Compass Diversified has a 12 month low of $16.88 and a 12 month high of $25.07. The company has a quick ratio of 1.64, a current ratio of 4.08 and a debt-to-equity ratio of 1.43.

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $524.29 million during the quarter, compared to the consensus estimate of $540.20 million. Compass Diversified had a return on equity of 11.71% and a net margin of 4.61%. Analysts forecast that Compass Diversified will post 1.89 EPS for the current year.

Compass Diversified Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.67%. The ex-dividend date is Thursday, July 18th. Compass Diversified’s dividend payout ratio is presently 588.27%.

Analysts Set New Price Targets

Separately, William Blair reissued an “outperform” rating on shares of Compass Diversified in a research report on Thursday, May 2nd.

Insiders Place Their Bets

In other news, insider Ryan J. Faulkingham bought 5,000 shares of the stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $22.44 per share, for a total transaction of $112,200.00. Following the purchase, the insider now directly owns 33,950 shares of the company’s stock, valued at approximately $761,838. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Larry L. Enterline bought 8,212 shares of the stock in a transaction on Tuesday, May 28th. The shares were acquired at an average cost of $22.41 per share, for a total transaction of $184,030.92. Following the purchase, the insider now directly owns 32,886 shares of the company’s stock, valued at approximately $736,975.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan J. Faulkingham bought 5,000 shares of the stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of $22.44 per share, for a total transaction of $112,200.00. Following the completion of the purchase, the insider now directly owns 33,950 shares in the company, valued at $761,838. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

About Compass Diversified

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.