Compass Diversified (NYSE:CODI) Stock Position Raised by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its stake in shares of Compass Diversified (NYSE:CODI) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,170 shares of the financial services provider’s stock after acquiring an additional 6,000 shares during the quarter. E. Ohman J or Asset Management AB owned 0.11% of Compass Diversified worth $1,796,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CODI. Lord Abbett & CO. LLC boosted its position in Compass Diversified by 186.4% during the first quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock valued at $32,932,000 after purchasing an additional 890,413 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Compass Diversified by 14.0% during the second quarter. Bank of New York Mellon Corp now owns 240,161 shares of the financial services provider’s stock valued at $5,257,000 after purchasing an additional 29,580 shares during the last quarter. Sei Investments Co. raised its holdings in Compass Diversified by 9.2% during the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock valued at $15,392,000 after buying an additional 59,172 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Compass Diversified by 3.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider’s stock valued at $94,224,000 after buying an additional 140,384 shares in the last quarter. Finally, Essex Financial Services Inc. raised its holdings in Compass Diversified by 45.0% during the second quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock valued at $23,966,000 after buying an additional 339,698 shares in the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Price Performance

NYSE CODI opened at $20.55 on Friday. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07. The stock’s 50-day moving average is $21.39 and its two-hundred day moving average is $21.99. The company has a debt-to-equity ratio of 1.48, a current ratio of 4.18 and a quick ratio of 1.65. The firm has a market cap of $1.55 billion, a P/E ratio of 120.88, a price-to-earnings-growth ratio of 1.38 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.39. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. The company had revenue of $542.60 million for the quarter, compared to analyst estimates of $550.45 million. On average, analysts anticipate that Compass Diversified will post 1.9 earnings per share for the current fiscal year.

Compass Diversified Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 4.87%. Compass Diversified’s dividend payout ratio (DPR) is currently 588.24%.

Insider Transactions at Compass Diversified

In other Compass Diversified news, insider Patrick A. Maciariello acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were acquired at an average cost of $21.87 per share, for a total transaction 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 trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Patrick A. Maciariello purchased 5,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were purchased at an average cost of $21.87 per share, for a total transaction of $109,350.00. Following the completion of the purchase, the insider now directly owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan J. Faulkingham purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the completion of the purchase, the insider now directly owns 35,950 shares of the company’s stock, valued at approximately $725,111.50. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.76% of the stock is currently 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.