Compass Diversified (NYSE:CODI – Get Rating) major shareholder Anholt Investments Ltd. sold 146,937 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $23.71, for a total value of $3,483,876.27. Following the completion of the transaction, the insider now owns 7,937,882 shares of the company’s stock, valued at approximately $188,207,182.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Compass Diversified Price Performance
Shares of NYSE CODI opened at $24.65 on Friday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 20.25 and a beta of 1.72. The business has a 50-day moving average of $23.03 and a 200-day moving average of $23.30. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.37 and a quick ratio of 1.46. Compass Diversified has a fifty-two week low of $20.30 and a fifty-two week high of $33.31.
Compass Diversified Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Stockholders of record on Thursday, July 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, July 20th. Compass Diversified’s payout ratio is 83.33%.
Hedge Funds Weigh In On Compass Diversified
Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its stake in Compass Diversified by 14.3% in the 1st quarter. American Century Companies Inc. now owns 5,925,283 shares of the financial services provider’s stock valued at $140,844,000 after purchasing an additional 742,250 shares during the last quarter. Vanguard Group Inc. lifted its stake in Compass Diversified by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,999,466 shares of the financial services provider’s stock valued at $95,067,000 after purchasing an additional 28,333 shares during the last quarter. Schroder Investment Management Group lifted its stake in Compass Diversified by 16.0% in the 4th quarter. Schroder Investment Management Group now owns 1,663,848 shares of the financial services provider’s stock valued at $50,880,000 after purchasing an additional 229,951 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Compass Diversified by 19.5% in the 1st quarter. William Blair Investment Management LLC now owns 1,616,324 shares of the financial services provider’s stock valued at $38,420,000 after purchasing an additional 263,521 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Compass Diversified by 35.2% in the 1st quarter. Royce & Associates LP now owns 1,299,569 shares of the financial services provider’s stock valued at $30,891,000 after purchasing an additional 338,330 shares during the last quarter. Institutional investors own 38.53% of the company’s stock.
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, safety & security, electronic components, food, foodservice.
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