Hunter Associates Investment Management LLC Reduces Holdings in Compass Diversified (NYSE:CODI)

Hunter Associates Investment Management LLC reduced its position in Compass Diversified (NYSE:CODI) by 8.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,500 shares of the financial services provider’s stock after selling 2,200 shares during the period. Hunter Associates Investment Management LLC’s holdings in Compass Diversified were worth $565,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CODI. Truist Financial Corp grew its stake in Compass Diversified by 1.6% in the 2nd quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 748 shares during the period. Sanctuary Advisors LLC purchased a new stake in Compass Diversified in the 2nd quarter worth approximately $2,283,000. SG Americas Securities LLC purchased a new stake in Compass Diversified in the 3rd quarter worth approximately $352,000. Peak Financial Advisors LLC grew its stake in Compass Diversified by 5.6% in the 3rd quarter. Peak Financial Advisors LLC now owns 24,883 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 1,324 shares during the period. Finally, Inspire Investing LLC grew its stake in Compass Diversified by 15.2% in the 3rd quarter. Inspire Investing LLC now owns 18,619 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 2,453 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Compass Diversified

In related news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the stock in a transaction dated 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 sale, the insider now owns 7,456,197 shares in the company, valued at $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They set a “buy” rating and a $34.00 price objective for the company. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $29.00.

Compass Diversified Stock Performance

NYSE:CODI opened at $21.23 on Friday. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 1.26 and a beta of 1.65. The firm’s fifty day simple moving average is $22.70 and its 200 day simple moving average is $22.09. Compass Diversified has a twelve month low of $19.76 and a twelve month high of $25.07.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The business had revenue of $582.62 million for the quarter, compared to analyst estimates of $571.68 million. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 4.71%. Compass Diversified’s dividend payout ratio is currently 208.33%.

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.