Compass Diversified (NYSE:CODI) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lessened its stake in Compass Diversified (NYSE:CODI) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 374,372 shares of the financial services provider’s stock after selling 15,402 shares during the quarter. Compass Diversified comprises about 1.5% of Gilman Hill Asset Management LLC’s holdings, making the stock its 17th largest holding. Gilman Hill Asset Management LLC’s holdings in Compass Diversified were worth $8,641,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CODI. Farther Finance Advisors LLC increased its stake in Compass Diversified by 273.6% during the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,625 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Compass Diversified by 190.3% during the third quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock worth $68,000 after buying an additional 2,000 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Compass Diversified by 29.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock valued at $74,000 after buying an additional 729 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Compass Diversified by 245.7% in the 3rd quarter. Quest Partners LLC now owns 7,440 shares of the financial services provider’s stock valued at $165,000 after buying an additional 5,288 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Compass Diversified during the 3rd quarter worth about $173,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Trading Up 0.2 %

CODI opened at $21.52 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 44.84, a PEG ratio of 1.20 and a beta of 1.65. The business has a fifty day moving average price of $22.99 and a 200 day moving average price of $22.13. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07.

Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 6.24% and a return on equity of 12.25%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. Sell-side analysts expect that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, January 16th. Compass Diversified’s dividend payout ratio is currently 208.33%.

Insiders Place Their Bets

In other news, 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 transaction of $3,118,065.70. Following the transaction, the insider now directly owns 7,456,197 shares in the company, valued at $171,865,340.85. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.