Insider Buying: Compass Diversified (NYSE:CODI) Insider Purchases 5,000 Shares of Stock

Compass Diversified (NYSE:CODIGet Free Report) insider Ryan J. Faulkingham acquired 5,000 shares of the firm’s 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 transaction, the insider now directly owns 33,950 shares in the company, valued at approximately $761,838. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Compass Diversified Stock Performance

CODI stock opened at $22.11 on Friday. The business’s 50-day moving average price is $22.49 and its two-hundred day moving average price is $22.50. The company has a current ratio of 4.08, a quick ratio of 1.64 and a debt-to-equity ratio of 1.43. The firm has a market cap of $1.67 billion, a PE ratio of 130.07, a P/E/G ratio of 1.52 and a beta of 1.74. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07.

Compass Diversified (NYSE:CODIGet Free Report) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $524.29 million for 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%. As a group, research analysts forecast that Compass Diversified will post 1.92 earnings per share for the current year.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $1.00 annualized dividend and a yield of 4.52%. Compass Diversified’s dividend payout ratio is presently 588.27%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CODI shares. Oppenheimer raised their price target on Compass Diversified from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 5th. Bank of America raised their price target on Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, William Blair restated an “outperform” rating on shares of Compass Diversified in a research report on Thursday, May 2nd.

Get Our Latest Research Report on Compass Diversified

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CODI. Swiss National Bank lifted its holdings in Compass Diversified by 0.6% during the third quarter. Swiss National Bank now owns 142,300 shares of the financial services provider’s stock worth $2,671,000 after acquiring an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Compass Diversified by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 587,194 shares of the financial services provider’s stock valued at $11,022,000 after purchasing an additional 23,950 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Compass Diversified by 46.3% in the third quarter. HighTower Advisors LLC now owns 14,646 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 4,635 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Compass Diversified by 17.1% in the third quarter. Deutsche Bank AG now owns 27,906 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 4,076 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Compass Diversified by 143.4% in the third quarter. Hsbc Holdings PLC now owns 39,599 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 23,330 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors.

About Compass Diversified

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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.

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

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