Prosperity Consulting Group LLC Takes Position in Compass Diversified (NYSE:CODI)

Prosperity Consulting Group LLC acquired a new position in shares of Compass Diversified (NYSE:CODI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,065 shares of the financial services provider’s stock, valued at approximately $435,000.

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Compass Diversified during the 1st quarter valued at $30,000. Future Financial Wealth Managment LLC purchased a new position in Compass Diversified during the first quarter worth about $48,000. Van ECK Associates Corp increased its stake in Compass Diversified by 24.5% in the 4th quarter. Van ECK Associates Corp now owns 5,118 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 1,008 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Compass Diversified during the 4th quarter valued at about $207,000. Finally, Diversify Advisory Services LLC bought a new position in shares of Compass Diversified in the first quarter worth approximately $207,000. Institutional investors own 72.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Thursday, May 2nd.

Compass Diversified Price Performance

NYSE:CODI traded down $0.25 during mid-day trading on Friday, reaching $21.61. The stock had a trading volume of 178,990 shares, compared to its average volume of 214,243. Compass Diversified has a one year low of $16.88 and a one year high of $25.07. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.64 and a current ratio of 4.08. The firm has a 50 day moving average price of $22.12 and a two-hundred day moving average price of $22.59. The stock has a market capitalization of $1.63 billion, a P/E ratio of 127.04, a P/E/G ratio of 1.51 and a beta of 1.68.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data 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). Compass Diversified had a net margin of 4.61% and a return on equity of 11.71%. The firm had revenue of $524.29 million for the quarter, compared to the consensus estimate of $540.20 million. As a group, analysts expect that Compass Diversified will post 1.89 earnings per share for the current year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 18th will be issued a $0.25 dividend. The ex-dividend date is Thursday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 4.63%. Compass Diversified’s dividend payout ratio (DPR) is 588.27%.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Ryan J. Faulkingham bought 5,000 shares of Compass Diversified stock in a transaction dated Thursday, June 13th. The shares were purchased at an average cost of $22.44 per share, with a total value of $112,200.00. Following the transaction, the insider now directly owns 33,950 shares of the company’s stock, valued at $761,838. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Ryan J. Faulkingham bought 5,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $22.44 per share, with a total value of $112,200.00. Following the completion of the acquisition, the insider now owns 33,950 shares of the company’s stock, valued at approximately $761,838. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Larry L. Enterline purchased 8,212 shares of Compass Diversified stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $22.41 per share, with a total value of $184,030.92. Following the completion of the acquisition, the insider now directly owns 32,886 shares of the company’s stock, valued at $736,975.26. The disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

Compass Diversified 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.