Verdence Capital Advisors LLC Purchases 755 Shares of Compass Diversified (NYSE:CODI)

Verdence Capital Advisors LLC boosted its position in Compass Diversified (NYSE:CODI) by 5.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,830 shares of the financial services provider’s stock after purchasing an additional 755 shares during the period. Verdence Capital Advisors LLC’s holdings in Compass Diversified were worth $350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new position in Compass Diversified in the second quarter valued at about $33,000. Farther Finance Advisors LLC lifted its stake in Compass Diversified by 273.6% in the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,625 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Compass Diversified during the second quarter valued at $53,000. Ridgewood Investments LLC purchased a new stake in Compass Diversified in the second quarter worth $55,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Compass Diversified by 190.3% in the third quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Stock Up 1.7 %

CODI stock opened at $23.08 on Tuesday. The stock has a fifty day moving average of $21.34 and a 200-day moving average of $21.84. Compass Diversified has a fifty-two week low of $18.19 and a fifty-two week high of $25.07. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 47.92, a PEG ratio of 1.46 and a beta of 1.67. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. The firm had revenue of $582.62 million during the quarter, compared to the consensus estimate of $571.68 million. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. As a group, equities research analysts predict that Compass Diversified will post 1.95 earnings per share for the current year.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.33%. Compass Diversified’s dividend payout ratio is currently 208.33%.

Insider Transactions at Compass Diversified

In related news, insider Patrick A. Maciariello acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were bought at an average cost of $21.87 per share, for a total transaction of $109,350.00. Following the purchase, the insider now owns 228,518 shares in the company, valued at $4,997,688.66. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.