Compass Diversified Holdings (NYSE:CODI) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 199,700 shares, a drop of 33.4% from the May 30th total of 299,800 shares. Based on an average daily volume of 233,800 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are short sold.
Separately, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th.
In other Compass Diversified news, insider Elias Sabo purchased 18,334 shares of Compass Diversified stock in a transaction on Wednesday, June 19th. The stock was bought at an average cost of $18.62 per share, with a total value of $341,379.08. Following the transaction, the insider now owns 585,549 shares of the company’s stock, valued at approximately $10,902,922.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CODI. ERTS Wealth Advisors LLC acquired a new stake in Compass Diversified in the 4th quarter valued at $28,000. Great West Life Assurance Co. Can grew its stake in Compass Diversified by 11.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 7,539 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 762 shares during the period. Quad Cities Investment Group LLC grew its stake in Compass Diversified by 2,500.0% in the 1st quarter. Quad Cities Investment Group LLC now owns 7,800 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 7,500 shares during the period. Wedbush Securities Inc. acquired a new stake in Compass Diversified in the 1st quarter valued at $159,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in Compass Diversified in the 1st quarter valued at $660,000. 31.73% of the stock is currently owned by institutional investors and hedge funds.
CODI traded down $0.11 during trading on Friday, reaching $19.75. 6,392 shares of the company’s stock were exchanged, compared to its average volume of 268,540. Compass Diversified has a 1 year low of $11.60 and a 1 year high of $19.98. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.82 and a quick ratio of 1.56. The stock has a market capitalization of $1.19 billion, a PE ratio of 13.72 and a beta of 1.13. The stock has a fifty day moving average of $18.25.
Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The firm had revenue of $402.49 million for the quarter, compared to analyst estimates of $399.00 million. Compass Diversified had a return on equity of 7.63% and a net margin of 6.11%. As a group, analysts predict that Compass Diversified will post 1.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.29%. Compass Diversified’s payout ratio is 100.00%.
About Compass Diversified
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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