Sanctuary Advisors LLC Sells 4,344 Shares of Compass Diversified (NYSE:CODI)

Sanctuary Advisors LLC cut its stake in Compass Diversified (NYSE:CODI) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,603 shares of the financial services provider’s stock after selling 4,344 shares during the quarter. Sanctuary Advisors LLC owned about 0.13% of Compass Diversified worth $2,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HHM Wealth Advisors LLC bought a new stake in shares of Compass Diversified during the 2nd quarter valued at $33,000. Farther Finance Advisors LLC lifted its position in Compass Diversified by 273.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,625 shares during the period. Ridgewood Investments LLC bought a new stake in Compass Diversified during the second quarter worth about $55,000. Nisa Investment Advisors LLC grew its holdings in Compass Diversified by 190.3% in the third quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 2,000 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Compass Diversified in the second quarter worth about $137,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, TD Cowen initiated coverage on Compass Diversified in a research report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price target on the stock.

Insider Activity at Compass Diversified

In related news, insider Patrick A. Maciariello purchased 5,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was acquired at an average price of $21.87 per share, with a total value of $109,350.00. Following the completion of the acquisition, the insider now owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. This trade represents a 2.24 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.05, for a total value 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 approximately $171,865,340.85. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.

Compass Diversified Trading Down 4.0 %

NYSE:CODI opened at $22.96 on Thursday. The company has a 50 day simple moving average of $22.50 and a two-hundred day simple moving average of $22.09. The company has a market cap of $1.74 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07.

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

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

About Compass Diversified

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.