De Lisle Partners LLP Makes New Investment in Compass Diversified (NYSE:CODI)

De Lisle Partners LLP purchased a new stake in Compass Diversified (NYSE:CODI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,300 shares of the financial services provider’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Essex Financial Services Inc. boosted its position in shares of Compass Diversified by 45.0% during 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 in the last quarter. FMR LLC boosted its holdings in shares of Compass Diversified by 115.0% in the third quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after buying an additional 151,783 shares during the period. Swedbank AB bought a new stake in shares of Compass Diversified during the third quarter worth $3,306,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Compass Diversified by 3.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock worth $94,224,000 after acquiring an additional 140,384 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Compass Diversified during the second quarter worth $2,283,000. 72.73% of the stock is currently owned by institutional investors.

Insider Activity at Compass Diversified

In related news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’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 transaction, the insider now directly owns 7,456,197 shares in the company, valued at approximately $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patrick A. Maciariello acquired 5,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was acquired at an average price of $21.87 per share, with a total value of $109,350.00. Following the purchase, the insider now directly owns 228,518 shares in the company, valued at approximately $4,997,688.66. This represents a 2.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, TD Cowen initiated coverage on Compass Diversified in a report on Wednesday. They set a “buy” rating and a $34.00 target price for the company.

Compass Diversified Stock Performance

Shares of NYSE CODI opened at $23.64 on Friday. The stock has a market capitalization of $1.79 billion, a PE ratio of 49.25, a price-to-earnings-growth ratio of 1.52 and a beta of 1.67. Compass Diversified has a 52 week low of $19.76 and a 52 week high of $25.07. The stock has a 50 day moving average price of $21.95 and a 200 day moving average price of $21.95. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22.

Compass Diversified (NYSE:CODI) last posted its quarterly 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 analyst estimates of $571.68 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts predict that Compass Diversified will post 1.95 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s dividend payout ratio is 208.33%.

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.