Compass Diversified (NYSE:CODI) Short Interest Update

Compass Diversified (NYSE:CODI) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 826,500 shares, a decrease of 10.7% from the July 15th total of 925,200 shares. Based on an average trading volume of 218,800 shares, the days-to-cover ratio is presently 3.8 days.

Insider Transactions at Compass Diversified

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $23.02, for a total value of $1,604,056.62. Following the sale, the insider now owns 7,791,471 shares in the company, valued at $179,359,662.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $23.02, for a total transaction of $1,604,056.62. Following the sale, the insider now owns 7,791,471 shares in the company, valued at approximately $179,359,662.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan J. Faulkingham bought 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.17 per share, with a total value of $40,340.00. Following the completion of the transaction, the insider now directly owns 35,950 shares of the company’s stock, valued at approximately $725,111.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 15,212 shares of company stock valued at $336,571. 1.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Compass Diversified

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedbush Securities Inc. lifted its holdings in Compass Diversified by 2.1% in the second quarter. Wedbush Securities Inc. now owns 28,405 shares of the financial services provider’s stock valued at $622,000 after buying an additional 571 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Compass Diversified by 0.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 144,094 shares of the financial services provider’s stock worth $3,468,000 after acquiring an additional 714 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of Compass Diversified by 3.4% in the 2nd quarter. Dakota Wealth Management now owns 30,214 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 990 shares during the period. Van ECK Associates Corp boosted its position in shares of Compass Diversified by 24.5% during the 4th quarter. Van ECK Associates Corp now owns 5,118 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,008 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Compass Diversified by 4.0% during the fourth quarter. New York State Common Retirement Fund now owns 27,049 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 1,033 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Trading Down 0.1 %

NYSE CODI traded down $0.02 on Friday, reaching $21.17. The company had a trading volume of 251,748 shares, compared to its average volume of 211,366. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 124.53, a P/E/G ratio of 1.48 and a beta of 1.68. The company has a debt-to-equity ratio of 1.48, a current ratio of 4.18 and a quick ratio of 1.64. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07. The business has a 50 day moving average of $22.11 and a two-hundred day moving average of $22.58.

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.72%. Compass Diversified’s dividend payout ratio (DPR) is 588.24%.

Analyst Upgrades and Downgrades

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

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.