Insider Buying: Compass Diversified (NYSE:CODI) Insider Acquires 30,000 Shares of Stock

Compass Diversified (NYSE:CODIGet Free Report) insider Elias Sabo purchased 30,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was purchased at an average cost of $22.10 per share, for a total transaction of $663,000.00. Following the purchase, the insider now directly owns 615,549 shares in the company, valued at $13,603,632.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Elias Sabo also recently made the following trade(s):

  • On Friday, January 26th, Elias Sabo purchased 30,000 shares of Compass Diversified stock. The shares were acquired at an average price of $22.95 per share, with a total value of $688,500.00.

Compass Diversified Trading Down 0.7 %

Shares of NYSE CODI traded down $0.17 during midday trading on Friday, hitting $22.84. 206,491 shares of the company traded hands, compared to its average volume of 222,777. The firm has a market cap of $1.64 billion, a P/E ratio of 85.23 and a beta of 1.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.45 and a current ratio of 3.71. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $23.25. The stock has a 50-day moving average price of $21.48 and a 200 day moving average price of $20.53.

Compass Diversified (NYSE:CODIGet Free Report) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $569.57 million for the quarter, compared to analysts’ expectations of $576.60 million. Compass Diversified had a net margin of 2.61% and a return on equity of 11.86%. As a group, analysts expect that Compass Diversified will post 1.75 earnings per share for the current year.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.38%. Compass Diversified’s dividend payout ratio (DPR) is presently 370.38%.

Institutional Investors Weigh In On Compass Diversified

Several institutional investors have recently made changes to their positions in CODI. Money Concepts Capital Corp lifted its holdings in Compass Diversified by 352.9% during the 4th quarter. Money Concepts Capital Corp now owns 1,508 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,175 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of Compass Diversified in the 3rd quarter valued at $29,000. Tower Research Capital LLC TRC lifted its stake in shares of Compass Diversified by 216.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,548 shares during the period. Quantbot Technologies LP acquired a new position in shares of Compass Diversified in the 2nd quarter valued at $55,000. Finally, NBC Securities Inc. acquired a new position in shares of Compass Diversified in the 3rd quarter valued at $48,000. Institutional investors own 50.41% of the company’s stock.

Analyst Ratings Changes

Separately, started coverage on Compass Diversified in a report on Thursday, October 5th. They set a “hold” rating for the company.

Check Out Our Latest Research Report on CODI

Compass Diversified Company Profile

(Get 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.

Further Reading

Insider Buying and Selling by Quarter for Compass Diversified (NYSE:CODI)

Receive News & Ratings for Compass Diversified Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Diversified and related companies with's FREE daily email newsletter.