Kornitzer Capital Management Inc. KS Raises Holdings in Compass Diversified (NYSE:CODI)

Kornitzer Capital Management Inc. KS boosted its holdings in Compass Diversified (NYSE:CODI - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 185,700 shares of the financial services provider's stock after buying an additional 45,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.26% of Compass Diversified worth $4,169,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CODI. Money Concepts Capital Corp boosted its position in Compass Diversified by 352.9% in the fourth quarter. Money Concepts Capital Corp now owns 1,508 shares of the financial services provider's stock worth $27,000 after purchasing an additional 1,175 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in Compass Diversified in the third quarter worth approximately $29,000. Tower Research Capital LLC TRC raised its position in Compass Diversified by 216.5% in the first quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the financial services provider's stock worth $43,000 after acquiring an additional 1,548 shares during the period. NBC Securities Inc. bought a new position in Compass Diversified in the third quarter worth approximately $48,000. Finally, Quantbot Technologies LP bought a new position in Compass Diversified in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 72.73% of the company's stock.

Compass Diversified Price Performance

Shares of CODI traded up $0.48 during mid-day trading on Friday, reaching $22.81. The stock had a trading volume of 277,378 shares, compared to its average volume of 175,816. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 9.87 and a beta of 1.72. Compass Diversified has a 12 month low of $16.88 and a 12 month high of $25.07. The business has a fifty day moving average of $23.34 and a 200 day moving average of $21.50. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.76 and a current ratio of 5.13.

Compass Diversified (NYSE:CODI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.09). Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. The business had revenue of $566.99 million during the quarter, compared to analysts' expectations of $581.07 million. Equities analysts predict that Compass Diversified will post 1.93 EPS for the current year.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 18th will be given a $0.25 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.38%. Compass Diversified's payout ratio is 43.29%.

Analyst Upgrades and Downgrades

CODI has been the topic of several recent research reports. Oppenheimer increased their price target on shares of Compass Diversified from $21.00 to $23.00 and gave the stock a "market perform" rating in a research report on Tuesday, March 5th. William Blair restated an "outperform" rating on shares of Compass Diversified in a research report on Wednesday, March 6th. Finally, Bank of America upped their price target on Compass Diversified from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th.

Insider Activity

In related news, insider Elias Sabo acquired 30,000 shares of Compass Diversified stock in a transaction dated Friday, January 26th. The shares were purchased at an average price of $22.95 per share, for a total transaction of $688,500.00. Following the completion of the transaction, the insider now directly owns 675,549 shares in the company, valued at approximately $15,503,849.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Patrick A. Maciariello acquired 10,000 shares of the business's stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average price of $22.35 per share, for a total transaction of $223,500.00. Following the completion of the transaction, the insider now directly owns 211,018 shares in the company, valued at approximately $4,716,252.30. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Elias Sabo acquired 30,000 shares of the business's stock in a transaction dated Friday, January 26th. The shares were purchased at an average price of $22.95 per share, with a total value of $688,500.00. Following the transaction, the insider now owns 675,549 shares of the company's stock, valued at $15,503,849.55. The disclosure for this purchase can be found here. Insiders have acquired 70,000 shares of company stock worth $1,575,000 over the last ninety days. Corporate insiders own 2.40% of the company's stock.

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.