Gilman Hill Asset Management LLC decreased its position in Compass Diversified Holdings (NYSE:CODI) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,283 shares of the financial services provider’s stock after selling 7,583 shares during the period. Compass Diversified comprises approximately 2.0% of Gilman Hill Asset Management LLC’s holdings, making the stock its 8th largest holding. Gilman Hill Asset Management LLC owned 0.41% of Compass Diversified worth $6,073,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Compass Diversified by 14.7% in the 3rd quarter. State Street Corp now owns 62,886 shares of the financial services provider’s stock worth $1,239,000 after buying an additional 8,070 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Compass Diversified by 720.3% in the 3rd quarter. Alps Advisors Inc. now owns 113,200 shares of the financial services provider’s stock worth $2,231,000 after buying an additional 99,400 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Compass Diversified by 10.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 61,288 shares of the financial services provider’s stock worth $1,207,000 after buying an additional 5,746 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Compass Diversified by 22.9% in the 3rd quarter. California Public Employees Retirement System now owns 107,444 shares of the financial services provider’s stock worth $2,118,000 after buying an additional 19,997 shares in the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of Compass Diversified by 27.0% in the 4th quarter. Wedbush Securities Inc. now owns 52,208 shares of the financial services provider’s stock worth $1,298,000 after buying an additional 11,105 shares in the last quarter. 30.08% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on CODI shares. Zacks Investment Research lowered Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. ValuEngine lowered Compass Diversified from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.75.
NYSE CODI traded down $1.47 during trading hours on Friday, reaching $22.70. 8,218 shares of the company’s stock were exchanged, compared to its average volume of 250,782. The stock has a market cap of $1.45 billion, a PE ratio of 15.91 and a beta of 1.18. Compass Diversified Holdings has a one year low of $13.75 and a one year high of $26.37. The firm has a fifty day moving average of $24.60 and a 200-day moving average of $20.95. The company has a current ratio of 3.46, a quick ratio of 2.16 and a debt-to-equity ratio of 0.77.
Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.04). The business had revenue of $388.31 million for the quarter, compared to the consensus estimate of $372.47 million. Compass Diversified had a return on equity of 11.22% and a net margin of 18.42%. As a group, research analysts forecast that Compass Diversified Holdings will post 1.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.44 dividend on an annualized basis and a yield of 6.34%. Compass Diversified’s payout ratio is 100.00%.
In other news, insider Sarah Gaines Mccoy acquired 3,897 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were purchased at an average cost of $25.58 per share, for a total transaction of $99,685.26. Following the transaction, the insider now owns 16,103 shares of the company’s stock, valued at $411,914.74. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Elias Sabo acquired 18,334 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $22.02 per share, for a total transaction of $403,714.68. Following the completion of the transaction, the insider now directly owns 585,549 shares in the company, valued at approximately $12,893,788.98. The disclosure for this purchase can be found here. Insiders acquired a total of 40,165 shares of company stock worth $902,252 over the last quarter. Corporate insiders own 3.70% of the company’s stock.
Compass Diversified Profile
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.
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