Dakota Wealth Management Sells 1,560 Shares of Compass Diversified (NYSE:CODI)

Dakota Wealth Management cut its position in Compass Diversified (NYSE:CODI) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,654 shares of the financial services provider’s stock after selling 1,560 shares during the period. Dakota Wealth Management’s holdings in Compass Diversified were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in Compass Diversified by 3.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock valued at $94,224,000 after purchasing an additional 140,384 shares during the period. William Blair Investment Management LLC boosted its stake in Compass Diversified by 8.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock valued at $45,079,000 after purchasing an additional 150,990 shares during the period. Lord Abbett & CO. LLC boosted its stake 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 purchasing an additional 890,413 shares during the period. Essex Financial Services Inc. boosted its stake 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 purchasing an additional 339,698 shares during the period. Finally, Sei Investments Co. boosted its stake in Compass Diversified by 9.2% in the 2nd quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock valued at $15,392,000 after purchasing an additional 59,172 shares during the period. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Price Performance

Shares of NYSE CODI opened at $20.55 on Monday. The stock has a market capitalization of $1.55 billion, a PE ratio of 120.88, a P/E/G ratio of 1.38 and a beta of 1.67. The company has a debt-to-equity ratio of 1.48, a current ratio of 4.18 and a quick ratio of 1.65. The business has a fifty day moving average price of $21.38 and a two-hundred day moving average price of $21.95. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.39. The firm had revenue of $542.60 million during the quarter, compared to analysts’ expectations of $550.45 million. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. As a group, equities analysts predict that Compass Diversified will post 1.9 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 4.87%. Compass Diversified’s dividend payout ratio is presently 588.24%.

Insider Buying and Selling at Compass Diversified

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

Compass Diversified Company 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.