Compass Diversified (NYSE:CODI) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in Compass Diversified (NYSE:CODI) by 13.7% during the third quarter, Holdings Channel.com reports. The firm owned 24,441 shares of the financial services provider’s stock after selling 3,870 shares during the period. Stifel Financial Corp’s holdings in Compass Diversified were worth $541,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CODI. Wedbush Securities Inc. grew its stake in shares of Compass Diversified by 2.1% during the 2nd 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. Rockefeller Capital Management L.P. boosted its stake in shares of Compass Diversified by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock valued at $260,000 after buying an additional 572 shares during the last quarter. Truist Financial Corp increased its position in shares of Compass Diversified by 1.6% in the 2nd quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider’s stock worth $1,067,000 after purchasing an additional 748 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Compass Diversified by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 15,830 shares of the financial services provider’s stock worth $350,000 after buying an additional 755 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in Compass Diversified by 1.1% during the third quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider’s stock valued at $1,733,000 after purchasing an additional 817 shares during the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 7,456,197 shares in the company, valued at $171,865,340.85. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Compass Diversified Stock Up 0.7 %

Compass Diversified stock opened at $23.39 on Friday. The company’s 50-day moving average price is $22.74 and its two-hundred day moving average price is $22.12. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 1.54 and a beta of 1.66. Compass Diversified has a 52 week low of $19.76 and a 52 week high of $25.07.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. The business had revenue of $582.62 million during the quarter, compared to analyst estimates of $571.68 million. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, analysts expect that Compass Diversified will post 1.96 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were given a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. Compass Diversified’s dividend payout ratio (DPR) is presently 208.33%.

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.