Compass Diversified (NYSE:CODI) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS boosted its holdings in Compass Diversified (NYSE:CODIFree Report) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 185,700 shares of the financial services provider’s stock after buying an additional 45,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.26% of Compass Diversified worth $4,169,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Money Concepts Capital Corp grew its position in Compass Diversified by 352.9% in the fourth quarter. Money Concepts Capital Corp now owns 1,508 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,175 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in Compass Diversified during the 3rd quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in Compass Diversified by 216.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,548 shares in the last quarter. NBC Securities Inc. purchased a new position in Compass Diversified during the 3rd quarter worth approximately $48,000. Finally, Quantbot Technologies LP purchased a new position in Compass Diversified during the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CODI. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Wednesday, March 6th. Bank of America lifted their price objective on shares of Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Oppenheimer lifted their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 5th.

View Our Latest Stock Report on CODI

Insiders Place Their Bets

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $24.92, for a total transaction of $187,149.20. Following the completion of the transaction, the insider now owns 7,991,471 shares of the company’s stock, valued at approximately $199,147,457.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Elias Sabo acquired 30,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were bought at an average price of $22.95 per share, for a total transaction of $688,500.00. Following the acquisition, the insider now owns 675,549 shares in the company, valued at approximately $15,503,849.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $24.92, for a total transaction of $187,149.20. Following the transaction, the insider now owns 7,991,471 shares in the company, valued at approximately $199,147,457.32. The disclosure for this sale can be found here. Insiders bought a total of 70,000 shares of company stock valued at $1,575,000 in the last quarter. Insiders own 2.40% of the company’s stock.

Compass Diversified Trading Up 2.1 %

Shares of NYSE:CODI opened at $22.81 on Friday. The company has a quick ratio of 2.76, a current ratio of 5.13 and a debt-to-equity ratio of 1.37. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $25.07. The firm has a fifty day moving average of $23.34 and a two-hundred day moving average of $21.48. The firm has a market capitalization of $1.72 billion, a P/E ratio of 9.87 and a beta of 1.72.

Compass Diversified (NYSE:CODIGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. The business had revenue of $566.99 million during the quarter, compared to analyst estimates of $581.07 million. On average, equities analysts expect that Compass Diversified will post 1.93 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th will be given a dividend of $0.25 per share. 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 dividend payout ratio is 43.29%.

Compass Diversified Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Compass Diversified (NYSE:CODI)

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