Short Interest in Compass Diversified (NYSE:CODI) Decreases By 9.0%

Compass Diversified (NYSE:CODI) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 918,800 shares, a decrease of 9.0% from the September 30th total of 1,010,000 shares. Based on an average daily volume of 205,200 shares, the short-interest ratio is currently 4.5 days.

Compass Diversified Price Performance

Shares of CODI stock traded down $0.76 during trading hours on Friday, hitting $20.94. 138,205 shares of the company’s stock were exchanged, compared to its average volume of 204,512. The company has a market capitalization of $1.58 billion, a PE ratio of 43.90, a PEG ratio of 1.36 and a beta of 1.67. The business’s 50 day simple moving average is $21.35 and its 200-day simple moving average is $21.89. Compass Diversified has a 12-month low of $17.36 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.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.39. The firm had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $550.45 million. Compass Diversified had a return on equity of 12.21% and a net margin of 6.24%. On average, equities research analysts anticipate that Compass Diversified will post 1.9 earnings per share for the current year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. Compass Diversified’s dividend payout ratio is currently 208.33%.

Insider Activity

In other Compass Diversified news, insider Ryan J. Faulkingham acquired 2,000 shares of Compass Diversified stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the purchase, the insider now directly owns 35,950 shares of the company’s stock, valued at $725,111.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Ryan J. Faulkingham purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the purchase, the insider now owns 35,950 shares of the company’s stock, valued at $725,111.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick A. Maciariello acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the completion of the purchase, the insider now directly owns 228,518 shares in the company, valued at $4,997,688.66. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC increased its position in shares of Compass Diversified by 186.4% during the first 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 in the last quarter. Essex Financial Services Inc. boosted its position 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 purchasing an additional 339,698 shares during the period. William Blair Investment Management LLC boosted its position in shares of Compass Diversified by 8.8% in the first quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock worth $45,079,000 after purchasing an additional 150,990 shares during the period. Swedbank AB bought a new stake in shares of Compass Diversified during the 3rd quarter valued at $3,306,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Compass Diversified by 3.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock valued at $94,224,000 after purchasing an additional 140,384 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

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.