Cgi Magyar Holdings Llc Sells 135,274 Shares of Compass Diversified (NYSE:CODI) Stock

Compass Diversified (NYSE:CODI) major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.05, for a total value of $3,118,065.70. Following the completion of the sale, the insider now directly owns 7,456,197 shares of the company’s stock, valued at approximately $171,865,340.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Compass Diversified Price Performance

CODI opened at $23.15 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The stock’s 50 day simple moving average is $21.40 and its 200 day simple moving average is $21.85. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 1.50 and a beta of 1.67. Compass Diversified has a 1 year low of $18.84 and a 1 year high of $25.07.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.10. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The firm had revenue of $582.62 million for the quarter, compared to analysts’ expectations of $571.68 million. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. As a group, analysts predict that Compass Diversified will post 1.95 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. Stockholders of record on Thursday, October 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s dividend payout ratio (DPR) is 208.33%.

Institutional Trading of Compass Diversified

Large investors have recently modified their holdings of the business. HHM Wealth Advisors LLC bought a new position in Compass Diversified during the 2nd quarter valued at approximately $33,000. Farther Finance Advisors LLC increased its stake in shares of Compass Diversified by 273.6% during the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,625 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Compass Diversified during the second quarter valued at approximately $53,000. Ridgewood Investments LLC purchased a new stake in Compass Diversified in the second quarter worth $55,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Compass Diversified by 190.3% in the third quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 2,000 shares in the last quarter. 72.73% of the stock is owned by 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.