Hunter Associates Investment Management LLC Sells 5,000 Shares of Compass Diversified (NYSE:CODI)

Hunter Associates Investment Management LLC reduced its position in shares of Compass Diversified (NYSE:CODI) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,600 shares of the financial services provider’s stock after selling 5,000 shares during the period. Hunter Associates Investment Management LLC’s holdings in Compass Diversified were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CODI. Creative Planning boosted its holdings in Compass Diversified by 3.3% in the second quarter. Creative Planning now owns 16,182 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 517 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Compass Diversified by 14.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,219 shares of the financial services provider’s stock valued at $113,000 after buying an additional 675 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Compass Diversified by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,676 shares of the financial services provider’s stock valued at $223,000 after buying an additional 680 shares during the period. Bank of New York Mellon Corp lifted its stake in Compass Diversified by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 206,212 shares of the financial services provider’s stock valued at $3,871,000 after buying an additional 779 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Compass Diversified by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 20,382 shares of the financial services provider’s stock valued at $442,000 after buying an additional 794 shares during the period. 72.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CODI has been the topic of several recent analyst reports. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Wednesday, March 6th. Bank of America boosted their price target on Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Oppenheimer boosted their price target on Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Tuesday, March 5th.

Compass Diversified Stock Up 2.1 %

Shares of NYSE:CODI traded up $0.48 during trading on Friday, reaching $22.81. 277,378 shares of the stock were exchanged, compared to its average volume of 175,816. The company has a debt-to-equity ratio of 1.37, a current ratio of 5.13 and a quick ratio of 2.76. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07. The stock has a fifty day moving average of $23.34 and a two-hundred day moving average of $21.45. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 9.87 and a beta of 1.72.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). Compass Diversified had a return on equity of 11.93% and a net margin of 9.43%. The firm had revenue of $566.99 million for the quarter, compared to analyst estimates of $581.07 million. Research analysts anticipate that Compass Diversified will post 1.93 earnings per share for the current fiscal year.

Compass Diversified Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, April 17th. Compass Diversified’s payout ratio is currently 43.29%.

Insider Activity at Compass Diversified

In related news, insider Patrick A. Maciariello purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $22.35 per share, with a total value of $223,500.00. Following the transaction, the insider now owns 211,018 shares of the company’s stock, valued at approximately $4,716,252.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.92, for a total value of $187,149.20. Following the completion of the transaction, the insider now owns 7,991,471 shares in the company, valued at approximately $199,147,457.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick A. Maciariello acquired 10,000 shares of Compass Diversified stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $22.35 per share, with a total value of $223,500.00. Following the purchase, the insider now directly owns 211,018 shares in the company, valued at $4,716,252.30. The disclosure for this purchase can be found here. In the last three months, insiders purchased 70,000 shares of company stock valued at $1,575,000. 2.40% of the stock is owned by insiders.

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.