Dynamic Technology Lab Private Ltd Invests $309,000 in Compass Diversified (NYSE:CODI)

Dynamic Technology Lab Private Ltd purchased a new stake in Compass Diversified (NYSE:CODI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,970 shares of the financial services provider’s stock, valued at approximately $309,000.

A number of other large investors have also recently bought and sold shares of CODI. Price T Rowe Associates Inc. MD lifted its holdings in Compass Diversified by 14.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,051 shares of the financial services provider’s stock worth $435,000 after buying an additional 2,264 shares in the last quarter. Cetera Advisors LLC bought a new position in Compass Diversified in the first quarter valued at about $213,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Compass Diversified in the second quarter worth about $53,000. Gilman Hill Asset Management LLC raised its holdings in Compass Diversified by 3.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 384,848 shares of the financial services provider’s stock worth $8,424,000 after purchasing an additional 11,402 shares during the last quarter. Finally, Dakota Wealth Management lifted its position in Compass Diversified by 3.4% during the 2nd quarter. Dakota Wealth Management now owns 30,214 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 990 shares during the period. 72.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Compass Diversified Trading Up 0.3 %

NYSE:CODI opened at $23.70 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The business’s 50-day simple moving average is $21.99 and its 200-day simple moving average is $21.96. Compass Diversified has a fifty-two week low of $19.76 and a fifty-two week high of $25.07. The stock has a market capitalization of $1.79 billion, a PE ratio of 49.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The firm had revenue of $582.62 million during the quarter, compared to analyst estimates 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 for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Sell-side analysts expect that Compass Diversified will post 1.95 earnings per share for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

Insider Activity

In related news, 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 transaction of $3,118,065.70. Following the completion of the transaction, the insider now directly owns 7,456,197 shares of the company’s stock, valued at approximately $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Patrick A. Maciariello purchased 5,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was bought 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 of the company’s stock, valued at approximately $4,997,688.66. This represents a 2.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.76% of the stock is owned by corporate 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.