Royce & Associates LP Has $18.98 Million Stock Holdings in Compass Diversified (NYSE:CODI)

Royce & Associates LP lifted its stake in shares of Compass Diversified (NYSE:CODI) by 4.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 857,781 shares of the financial services provider’s stock after purchasing an additional 40,247 shares during the period. Royce & Associates LP owned approximately 1.13% of Compass Diversified worth $18,983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CODI. BNP Paribas Financial Markets raised its position in shares of Compass Diversified by 81.9% during the first quarter. BNP Paribas Financial Markets now owns 31,139 shares of the financial services provider’s stock worth $750,000 after purchasing an additional 14,020 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Compass Diversified during the first quarter worth $252,000. Swiss National Bank raised its position in Compass Diversified by 5.0% during the first quarter. Swiss National Bank now owns 133,900 shares of the financial services provider’s stock valued at $3,223,000 after buying an additional 6,400 shares during the period. ProShare Advisors LLC raised its position in Compass Diversified by 18.0% during the first quarter. ProShare Advisors LLC now owns 21,799 shares of the financial services provider’s stock valued at $525,000 after buying an additional 3,318 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in Compass Diversified by 9.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 52,162 shares of the financial services provider’s stock valued at $1,254,000 after buying an additional 4,408 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Stock Up 0.7 %

NYSE:CODI opened at $22.95 on Friday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 47.81, a PEG ratio of 1.49 and a beta of 1.67. Compass Diversified has a 1-year low of $19.76 and a 1-year high of $25.07. 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 business’s fifty day moving average price is $21.52 and its 200 day moving average price is $21.86.

Compass Diversified (NYSE:CODI) last posted its quarterly 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. The firm had revenue of $582.62 million for the quarter, compared to analyst estimates of $571.68 million. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. Compass Diversified’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, sell-side analysts forecast that Compass Diversified will post 1.95 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, October 24th. Investors of record on Thursday, October 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.36%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

Insider Activity at Compass Diversified

In other news, insider Patrick A. Maciariello bought 5,000 shares of the stock in a transaction on Friday, September 20th. The shares were purchased at an average price 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 $4,997,688.66. This trade represents a 2.24 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.05, for a total value of $3,118,065.70. Following the completion of the transaction, the insider now owns 7,456,197 shares in the company, valued at $171,865,340.85. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.

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.