Gilman Hill Asset Management LLC Decreases Stock Position in Compass Diversified (NYSE:CODI)

Gilman Hill Asset Management LLC trimmed its position in shares of Compass Diversified (NYSE:CODI) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 374,372 shares of the financial services provider’s stock after selling 15,402 shares during the quarter. Compass Diversified accounts for approximately 1.5% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 17th largest position. Gilman Hill Asset Management LLC owned 0.49% of Compass Diversified worth $8,641,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. National Bank of Canada FI grew its position in Compass Diversified by 11.5% in the 3rd quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider’s stock valued at $4,876,000 after acquiring an additional 22,792 shares during the last quarter. Barclays PLC boosted its stake in shares of Compass Diversified by 296.3% during the third quarter. Barclays PLC now owns 105,774 shares of the financial services provider’s stock valued at $2,341,000 after purchasing an additional 79,086 shares during the period. Sei Investments Co. grew its holdings in shares of Compass Diversified by 9.2% in the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock worth $15,392,000 after purchasing an additional 59,172 shares during the last quarter. Essex Financial Services Inc. increased its stake in Compass Diversified by 20.2% in the 3rd quarter. Essex Financial Services Inc. now owns 1,302,174 shares of the financial services provider’s stock worth $27,372,000 after buying an additional 218,394 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Compass Diversified during the 3rd quarter valued at about $1,058,000. Institutional investors own 72.73% of the company’s stock.

Insider Transactions at Compass Diversified

In other news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the completion of the sale, the insider now owns 7,456,197 shares of the company’s stock, valued at $171,865,340.85. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified Stock Performance

Shares of CODI opened at $21.52 on Monday. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The firm has a market cap of $1.63 billion, a PE ratio of 44.84, a P/E/G ratio of 1.20 and a beta of 1.65. The stock has a fifty day moving average price of $22.99 and a 200-day moving average price of $22.13. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The company had revenue of $582.62 million during the quarter, compared to analysts’ expectations of $571.68 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Compass Diversified Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th will be given a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 4.65%. Compass Diversified’s dividend payout ratio is presently 208.33%.

Analysts Set New Price Targets

CODI has been the subject of several research analyst reports. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. TD Cowen initiated coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Compass Diversified has a consensus rating of “Buy” and an average target price of $29.00.

Compass Diversified Profile

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.