Bank of America Corp DE raised its stake in Compass Diversified Holdings (NYSE:CODI) by 53.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 508,044 shares of the financial services provider’s stock after buying an additional 176,648 shares during the period. Bank of America Corp DE owned about 0.85% of Compass Diversified worth $8,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Poehling Capital Management LLC acquired a new position in Compass Diversified during the 2nd quarter valued at approximately $104,000. Great West Life Assurance Co. Can acquired a new position in Compass Diversified during the 1st quarter valued at approximately $105,000. United Capital Financial Advisers LLC acquired a new stake in shares of Compass Diversified in the first quarter worth $219,000. Kendall Capital Management acquired a new stake in shares of Compass Diversified in the second quarter worth $233,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Compass Diversified by 73.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,784 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 7,547 shares during the period. 33.36% of the stock is owned by institutional investors.
In other Compass Diversified news, insider Harold S. Edwards purchased 3,431 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were purchased at an average cost of $14.50 per share, with a total value of $49,749.50. Following the completion of the purchase, the insider now owns 560,549 shares in the company, valued at approximately $8,127,960.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.
CODI traded down $0.16 during midday trading on Friday, hitting $15.51. 174,572 shares of the company traded hands, compared to its average volume of 284,385. The company has a quick ratio of 1.35, a current ratio of 2.52 and a debt-to-equity ratio of 1.45. The company has a market cap of $963.19 million, a price-to-earnings ratio of 23.65 and a beta of 0.55. Compass Diversified Holdings has a 52-week low of $14.06 and a 52-week high of $18.35.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Thursday, October 18th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 9.28%. The ex-dividend date was Wednesday, October 17th.
Compass Diversified Company Profile
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, 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.
Read More: Why is Cost of Capital Important?
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 MarketBeat.com's FREE daily email newsletter.