Northwest Quadrant Wealth Management LLC Reduces Stake in Compass Diversified (NYSE:CODI)

Northwest Quadrant Wealth Management LLC decreased its position in Compass Diversified (NYSE:CODI – Free Report) by 7.7% in the third quarter, Holdings Channel reports. The fund owned 12,583 shares of the financial services provider’s stock after selling 1,043 shares during the quarter. Northwest Quadrant Wealth Management LLC’s holdings in Compass Diversified were worth $278,000 as of its most recent SEC filing.

Other hedge funds have recently modified their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Compass Diversified by 2.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,117,375 shares of the financial services provider’s stock worth $90,129,000 after buying an additional 80,089 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Compass Diversified by 8.8% in the first quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock valued at $45,079,000 after purchasing an additional 150,990 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Compass Diversified by 8.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock worth $36,666,000 USD after buying an additional 126,072 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in Compass Diversified by 186.4% in the first quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock worth $32,932,000 after buying an additional 890,413 shares in the last quarter. Finally, Essex Financial Services Inc. raised its stake in Compass Diversified by 45.0% during the 2nd quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock valued at $23,966,000 after buying an additional 339,698 shares during the last quarter. 72.73% of shares are currently held by institutional investors.

Compass Diversified Stock Up 1.9%

Shares of Compass Diversified stock traded up $0.40 during trading hours on Friday, reaching $21.76. The stock had a trading volume of 140,392 shares compared to its average volume of 208,692. The stock’s 50-day moving average is $21.43 and its 200-day moving average is $22.24. The stock has a market cap of $1.64 billion, a P/E ratio of 128.00, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $25.07. The company has a quick ratio of 1.65, a current ratio of 4.18, and a debt-to-equity ratio of 1.48.

Compass Diversified (NYSE:CODI – Get Free Report ) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.39. The business had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $550.45 million. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. equities research analysts anticipate that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, October 17. This represents an annualized dividend of $1.00 and a yield of 4.60%. Compass Diversified’s payout ratio is 588.24%.

Insiders place their bets

In related news, insider Ryan J. Faulkingham bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the completion of the purchase, the insider now owns 35,950 shares of the company’s stock, valued at $725,111.50. This trade represents a 0.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. In related news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $23.02, for a total transaction of $1,604,056.62. Following the completion of the sale, the insider now directly owns 7,791,471 shares in the company, valued at approximately $179,359,662.42. The transaction represented a decrease of 0.00 % in the stock holding. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Also, insider Ryan J. Faulkingham purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $20.17 per share, for a total transaction of $40,340.00. Following the acquisition, the insider now directly owns 35,950 shares in the company, valued at approximately $725,111.50. The transaction represented a 0.00 % increase in the stock holding. Disclosure for this purchase can be found here. 1.76% of shares are held by insiders.

About Compass Diversified

(Free report)

Compass Diversified is a private equity firm specializing in add-on acquisitions, buyouts, industry consolidations, recapitalizations, late-stage and mid-market investments. It seeks to invest in niche or branded consumer, manufacturing, distribution, FMCG, business services, healthcare, safety and security, electronics, food and foodservice industrial companies.

Further reading

Want to see what other hedge funds own CODIs? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compass Diversified (NYSE:CODI – Free Report).

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