Rockefeller Capital Management L.P. Grows Holdings in Compass Diversified (NYSE:CODI)

Rockefeller Capital Management L.P. lifted its position in shares of Compass Diversified (NYSE:CODI) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,766 shares of the financial services provider’s stock after acquiring an additional 572 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Compass Diversified were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC bought a new position in Compass Diversified in the second quarter valued at $33,000. Farther Finance Advisors LLC boosted its holdings in shares of Compass Diversified by 273.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,625 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Compass Diversified during the second quarter valued at approximately $55,000. Nisa Investment Advisors LLC boosted its position in shares of Compass Diversified by 190.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Compass Diversified in the 2nd quarter worth approximately $137,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, TD Cowen began coverage on Compass Diversified in a research note on Wednesday, November 27th. They set a “buy” rating and a $34.00 price objective for the company.

Compass Diversified Trading Up 1.1 %

NYSE:CODI opened at $23.92 on Wednesday. Compass Diversified has a 52 week low of $19.76 and a 52 week high of $25.07. The company’s 50 day moving average price is $22.18 and its 200-day moving average price is $22.01. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 49.83, a PEG ratio of 1.48 and a beta of 1.66.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The firm had revenue of $582.62 million during the quarter, compared to the consensus estimate of $571.68 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts forecast that Compass Diversified will post 1.96 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.18%. Compass Diversified’s payout ratio is currently 208.33%.

Insiders Place Their Bets

In other Compass Diversified news, insider Patrick A. Maciariello bought 5,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were purchased at an average price of $21.87 per share, with a total value of $109,350.00. Following the completion of the purchase, the insider now owns 228,518 shares in the company, valued at $4,997,688.66. This represents a 2.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following the completion of the transaction, the insider now directly owns 7,456,197 shares in the company, valued at approximately $171,865,340.85. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. 1.76% of the stock is owned by company insiders.

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.