Short Interest in Compass Diversified (NYSE:CODI) Expands By 19.6%

Compass Diversified (NYSE:CODI) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,010,000 shares, a growth of 19.6% from the September 15th total of 844,200 shares. Based on an average daily trading volume, of 217,300 shares, the short-interest ratio is presently 4.6 days.

Compass Diversified Stock Performance

Compass Diversified stock traded up $0.53 during mid-day trading on Wednesday, hitting $21.55. The company had a trading volume of 59,837 shares, compared to its average volume of 205,985. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 123.62, a P/E/G ratio of 1.38 and a beta of 1.67. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $25.07. The company’s fifty day moving average is $21.28 and its 200-day moving average is $22.08. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.44 by $0.39. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. The company had revenue of $542.60 million for the quarter, compared to analyst estimates of $550.45 million. Equities research analysts predict that Compass Diversified will post 1.9 EPS for the current year.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.64%. Compass Diversified’s dividend payout ratio is currently 588.24%.

Insider Transactions at Compass Diversified

In other news, insider Patrick A. Maciariello bought 5,000 shares of Compass Diversified stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the purchase, the insider now directly owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Compass Diversified news, insider Patrick A. Maciariello bought 5,000 shares of Compass Diversified stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average price of $21.87 per share, with a total value of $109,350.00. Following the completion of the acquisition, the insider now directly owns 228,518 shares in the company, valued at approximately $4,997,688.66. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan J. Faulkingham purchased 2,000 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $20.17 per share, for a total transaction of $40,340.00. Following the completion of the acquisition, the insider now owns 35,950 shares of the company’s stock, valued at $725,111.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC raised its holdings in Compass Diversified by 186.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock valued at $32,932,000 after acquiring an additional 890,413 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Compass Diversified by 14.0% in the second quarter. Bank of New York Mellon Corp now owns 240,161 shares of the financial services provider’s stock valued at $5,257,000 after purchasing an additional 29,580 shares during the last quarter. Mather Group LLC. purchased a new position in Compass Diversified during the first quarter worth approximately $30,000. Sei Investments Co. boosted its stake in Compass Diversified by 9.2% during the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock worth $15,392,000 after buying an additional 59,172 shares during the last quarter. Finally, Essex Financial Services Inc. grew its holdings in Compass Diversified by 45.0% in the 2nd quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock valued at $23,966,000 after buying an additional 339,698 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.