Skandinaviska Enskilda Banken AB publ Acquires 14,700 Shares of Compass Diversified (NYSE:CODI)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Compass Diversified (NYSE:CODI) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,558 shares of the financial services provider’s stock after acquiring an additional 14,700 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.30% of Compass Diversified worth $5,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Morgan Stanley lifted its position in shares of Compass Diversified by 12.3% during the second quarter. Morgan Stanley now owns 757,290 shares of the financial services provider’s stock valued at $19,311,000 after buying an additional 83,084 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Compass Diversified during the third quarter valued at about $14,010,000. Bowen Hanes & Co. Inc. purchased a new stake in shares of Compass Diversified during the second quarter valued at about $10,837,000. Bank of America Corp DE lifted its position in shares of Compass Diversified by 10.3% during the second quarter. Bank of America Corp DE now owns 286,975 shares of the financial services provider’s stock valued at $7,318,000 after buying an additional 26,755 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Compass Diversified by 4.5% during the second quarter. JPMorgan Chase & Co. now owns 253,636 shares of the financial services provider’s stock valued at $6,468,000 after buying an additional 10,920 shares during the last quarter. Institutional investors own 34.72% of the company’s stock.

Shares of Compass Diversified stock opened at $27.27 on Friday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 50.50, a PEG ratio of 1.27 and a beta of 1.82. The company has a quick ratio of 1.10, a current ratio of 2.51 and a debt-to-equity ratio of 1.25. The company has a 50 day moving average price of $30.38 and a 200 day moving average price of $28.80. Compass Diversified has a 52 week low of $20.35 and a 52 week high of $33.31.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Thursday, October 28th. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.15. The firm had revenue of $488.16 million during the quarter, compared to analyst estimates of $471.11 million. Compass Diversified had a net margin of 5.27% and a return on equity of 19.10%. During the same period last year, the firm posted $0.36 EPS. As a group, research analysts anticipate that Compass Diversified will post 2.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 20th. Shareholders of record on Thursday, January 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Wednesday, January 12th. Compass Diversified’s dividend payout ratio is presently 185.19%.

Several research firms have commented on CODI. TheStreet raised shares of Compass Diversified from a “c+” rating to a “b-” rating in a research report on Monday, October 11th. Zacks Investment Research lowered shares of Compass Diversified from a “buy” rating to a “hold” rating in a research report on Tuesday, January 4th.

About Compass Diversified

Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire.

Read More: Percentage Gainers

Institutional Ownership by Quarter for Compass Diversified (NYSE:CODI)

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