Compass Diversified (NYSE:CODI) Sees Large Drop in Short Interest

Compass Diversified (NYSE:CODI - Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 761,300 shares, a decrease of 9.6% from the April 15th total of 842,000 shares. Based on an average trading volume of 208,600 shares, the short-interest ratio is presently 3.6 days.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CODI shares. William Blair reaffirmed an "outperform" rating on shares of Compass Diversified in a research report on Thursday, May 2nd. Oppenheimer lifted their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the company a "market perform" rating in a research note on Tuesday, March 5th. Finally, Bank of America upped their target price on shares of Compass Diversified from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, March 7th.

Compass Diversified Stock Down 0.7 %

NYSE CODI traded down $0.16 during mid-day trading on Wednesday, reaching $22.11. 138,348 shares of the company's stock traded hands, compared to its average volume of 204,147. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 130.36 and a beta of 1.72. The company has a current ratio of 4.08, a quick ratio of 1.64 and a debt-to-equity ratio of 1.43. The company has a fifty day simple moving average of $23.17 and a 200-day simple moving average of $22.00. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07.

Compass Diversified (NYSE:CODI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). Compass Diversified had a return on equity of 11.71% and a net margin of 4.61%. The firm had revenue of $566.99 million during the quarter, compared to analyst estimates of $581.07 million. As a group, equities research analysts expect that Compass Diversified will post 1.92 EPS for the current year.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.52%. Compass Diversified's dividend payout ratio (DPR) is 588.27%.

Insider Buying and Selling

In related news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of Compass Diversified 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 completion of the sale, the insider now owns 7,991,471 shares in the company, valued at approximately $199,147,457.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in Compass Diversified by 14.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,051 shares of the financial services provider's stock valued at $435,000 after purchasing an additional 2,264 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Compass Diversified by 9.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 52,162 shares of the financial services provider's stock worth $1,254,000 after acquiring an additional 4,408 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of Compass Diversified by 186.4% during 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 acquiring an additional 890,413 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Compass Diversified by 8.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider's stock worth $45,079,000 after acquiring an additional 150,990 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Compass Diversified by 18.0% during the 1st quarter. ProShare Advisors LLC now owns 21,799 shares of the financial services provider's stock valued at $525,000 after purchasing an additional 3,318 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.