Zurcher Kantonalbank Zurich Cantonalbank Has $339,000 Stock Holdings in Compass Diversified (NYSE:CODI)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Compass Diversified (NYSE:CODI) by 17.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,106 shares of the financial services provider’s stock after acquiring an additional 2,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Compass Diversified were worth $339,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CODI. Mackenzie Financial Corp acquired a new position in Compass Diversified during the fourth quarter valued at approximately $224,000. Allspring Global Investments Holdings LLC grew its stake in shares of Compass Diversified by 21,508.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,690,210 shares of the financial services provider’s stock valued at $82,845,000 after buying an additional 3,673,132 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Compass Diversified during the fourth quarter worth $1,018,000. Mirae Asset Global Investments Co. Ltd. raised its position in Compass Diversified by 6.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,437 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 1,788 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Compass Diversified by 5.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 143,380 shares of the financial services provider’s stock valued at $3,219,000 after acquiring an additional 7,834 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.92, for a total transaction of $187,149.20. Following the sale, the insider now directly owns 7,991,471 shares of the company’s stock, valued at approximately $199,147,457.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified Stock Performance

CODI opened at $21.68 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 5.13 and a quick ratio of 2.76. The business has a fifty day simple moving average of $23.29 and a 200 day simple moving average of $21.76. Compass Diversified has a 1 year low of $16.88 and a 1 year high of $25.07. The company has a market capitalization of $1.63 billion, a PE ratio of 127.53 and a beta of 1.72.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). Compass Diversified had a net margin of 4.61% and a return on equity of 11.84%. The business had revenue of $566.99 million during the quarter, compared to the consensus estimate of $581.07 million. Research analysts expect that Compass Diversified will post 1.93 EPS for the current year.

Compass Diversified Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Wednesday, April 17th. Compass Diversified’s dividend payout ratio is currently 588.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CODI shares. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a report on Thursday. Bank of America lifted their price objective on shares of Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Oppenheimer increased their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Tuesday, March 5th.

Compass Diversified Company 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.