Gamco Investors INC. ET AL Has $1.71 Million Stake in Compass Diversified (NYSE:CODI)

Gamco Investors INC. ET AL decreased its position in Compass Diversified (NYSE:CODI) by 8.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 71,000 shares of the financial services provider’s stock after selling 6,431 shares during the period. Gamco Investors INC. ET AL owned about 0.09% of Compass Diversified worth $1,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CODI. Mather Group LLC. purchased a new stake in Compass Diversified in the 1st quarter worth approximately $30,000. Future Financial Wealth Managment LLC purchased a new stake in Compass Diversified in the 1st quarter worth approximately $48,000. Van ECK Associates Corp lifted its position in Compass Diversified by 24.5% in the 4th quarter. Van ECK Associates Corp now owns 5,118 shares of the financial services provider’s stock worth $115,000 after buying an additional 1,008 shares in the last quarter. Quest Partners LLC purchased a new stake in Compass Diversified in the 4th quarter worth approximately $207,000. Finally, Diversify Advisory Services LLC purchased a new stake in Compass Diversified in the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Stock Up 1.1 %

Shares of Compass Diversified stock traded up $0.26 during midday trading on Friday, reaching $23.95. 223,033 shares of the company’s stock traded hands, compared to its average volume of 262,108. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 140.89, a price-to-earnings-growth ratio of 1.63 and a beta of 1.68. The company’s 50 day simple moving average is $22.41 and its 200 day simple moving average is $22.67. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.64 and a current ratio of 4.08. Compass Diversified has a 52 week low of $16.88 and a 52 week high of $25.07.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $524.29 million for the quarter, compared to the consensus estimate of $540.20 million. Compass Diversified had a net margin of 4.61% and a return on equity of 11.71%. Equities analysts expect that Compass Diversified will post 1.89 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.18%. Compass Diversified’s dividend payout ratio is currently 588.27%.

Wall Street Analyst Weigh In

Separately, William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Thursday, May 2nd.

Insider Buying and Selling

In other news, insider Larry L. Enterline bought 8,212 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $22.41 per share, for a total transaction of $184,030.92. Following the acquisition, the insider now directly owns 32,886 shares of the company’s stock, valued at approximately $736,975.26. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Ryan J. Faulkingham purchased 5,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were bought at an average cost of $22.44 per share, for a total transaction of $112,200.00. Following the transaction, the insider now directly owns 33,950 shares of the company’s stock, valued at approximately $761,838. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Larry L. Enterline purchased 8,212 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average price of $22.41 per share, for a total transaction of $184,030.92. Following the completion of the transaction, the insider now directly owns 32,886 shares in the company, valued at $736,975.26. The disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

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.