National Bank of Canada FI Buys 22,792 Shares of Compass Diversified (NYSE:CODI)

National Bank of Canada FI boosted its stake in shares of Compass Diversified (NYSE:CODI) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,338 shares of the financial services provider’s stock after acquiring an additional 22,792 shares during the quarter. National Bank of Canada FI’s holdings in Compass Diversified were worth $4,876,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new stake in Compass Diversified during the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC increased its stake in shares of Compass Diversified by 273.6% in the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,625 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Compass Diversified in the second quarter valued at about $55,000. Nisa Investment Advisors LLC lifted its position in Compass Diversified by 190.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock worth $68,000 after buying an additional 2,000 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Compass Diversified during the 2nd quarter worth about $137,000. 72.73% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Patrick A. Maciariello purchased 5,000 shares of Compass Diversified stock in a transaction dated Friday, September 20th. The shares were bought at an average cost of $21.87 per share, with a total value of $109,350.00. Following the completion of the transaction, the insider now directly owns 228,518 shares in the company, valued at $4,997,688.66. This trade represents a 2.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the completion of the sale, the insider now 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 position. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.

Compass Diversified Trading Down 1.0 %

Shares of CODI opened at $23.75 on Friday. The stock’s fifty day simple moving average is $22.26 and its 200-day simple moving average is $22.04. The firm has a market capitalization of $1.80 billion, a PE ratio of 49.48, a price-to-earnings-growth ratio of 1.48 and a beta of 1.66. Compass Diversified has a 12-month low of $19.76 and a 12-month high of $25.07. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51.

Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $582.62 million for the quarter, compared to the consensus estimate 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 was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. As a group, research analysts predict that Compass Diversified will post 1.96 earnings per share for the current year.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

Analyst Upgrades and Downgrades

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

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.