Compass Diversified Holdings (NYSE:CODI) Short Interest Update
Compass Diversified Holdings (NYSE:CODI) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 203,000 shares, a decrease of 22.5% from the June 30th total of 261,900 shares. Based on an average daily volume of 270,300 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the company’s shares are sold short.
In other Compass Diversified news, insider Gordon M. Burns sold 48,300 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $19.21, for a total transaction of $927,843.00. Following the transaction, the insider now directly owns 56,090 shares in the company, valued at approximately $1,077,488.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ryan J. Faulkingham bought 3,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $18.44 per share, for a total transaction of $55,320.00. Following the completion of the transaction, the insider now owns 9,900 shares in the company, valued at approximately $182,556. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 39,667 shares of company stock worth $747,776. Corporate insiders own 3.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CODI. Kavar Capital Partners LLC bought a new position in shares of Compass Diversified during the 2nd quarter worth approximately $31,000. Liberty Wealth Management LLC bought a new position in shares of Compass Diversified during the 2nd quarter worth approximately $46,000. JPMorgan Chase & Co. grew its stake in shares of Compass Diversified by 49.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,993 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 993 shares in the last quarter. US Bancorp DE grew its stake in shares of Compass Diversified by 50.6% during the 2nd quarter. US Bancorp DE now owns 3,012 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 1,012 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new position in shares of Compass Diversified during the 1st quarter worth approximately $159,000. 31.48% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 18th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.44 dividend on an annualized basis and a yield of 7.71%. Compass Diversified’s payout ratio is 100.00%.
CODI has been the topic of a number of analyst reports. Roth Capital initiated coverage on shares of Compass Diversified in a research report on Monday, July 29th. They issued a “buy” rating and a $21.50 price target on the stock. Raymond James downgraded shares of Compass Diversified from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Compass Diversified from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, TheStreet upgraded shares of Compass Diversified from a “c+” rating to a “b-” rating in a research report on Thursday, August 8th.
Compass Diversified Company Profile
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, 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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