Compass Diversified (NYSE:CODI) is Essex Financial Services Inc.’s 8th Largest Position

Essex Financial Services Inc. boosted its holdings in shares of Compass Diversified (NYSE:CODI) by 20.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,302,174 shares of the financial services provider’s stock after buying an additional 218,394 shares during the quarter. Compass Diversified makes up approximately 1.3% of Essex Financial Services Inc.’s investment portfolio, making the stock its 8th biggest holding. Essex Financial Services Inc. owned about 1.73% of Compass Diversified worth $27,372,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC raised its holdings in Compass Diversified by 186.4% in the first quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock worth $32,932,000 after purchasing an additional 890,413 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Compass Diversified by 14.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,161 shares of the financial services provider’s stock worth $5,257,000 after acquiring an additional 29,580 shares in the last quarter. Sei Investments Co. raised its stake in shares of Compass Diversified by 9.2% during the 2nd quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock worth $15,392,000 after acquiring an additional 59,172 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 acquiring an additional 140,384 shares during the last quarter. Finally, Swedbank AB acquired a new stake in Compass Diversified in the third quarter valued at approximately $3,306,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Patrick A. Maciariello purchased 5,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were acquired at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the purchase, the insider now owns 228,518 shares of the company’s stock, valued at $4,997,688.66. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Ryan J. Faulkingham acquired 2,000 shares of Compass Diversified stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost 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 in the company, valued at $725,111.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patrick A. Maciariello bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average price of $21.87 per share, for a total transaction of $109,350.00. Following the transaction, the insider now owns 228,518 shares of the company’s stock, valued at $4,997,688.66. The trade was 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 owned by company insiders.

Compass Diversified Price Performance

NYSE CODI opened at $20.55 on Friday. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $25.07. The firm’s fifty day simple moving average is $21.38 and its two-hundred day simple moving average is $21.95. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $1.55 billion, a P/E ratio of 120.88, a P/E/G ratio of 1.38 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share (EPS) 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. Analysts forecast that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend was Thursday, October 17th. Compass Diversified’s payout ratio is currently 588.24%.

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.