National Bank of Canada FI Reduces Stock Holdings in Compass Diversified (NYSE:CODI)

National Bank of Canada FI cut its holdings in shares of Compass Diversified (NYSE:CODI - Free Report) by 23.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,882 shares of the financial services provider's stock after selling 60,062 shares during the quarter. National Bank of Canada FI owned approximately 0.27% of Compass Diversified worth $4,319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CODI. Vanguard Group Inc. raised its holdings in shares of Compass Diversified by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,043,989 shares of the financial services provider's stock valued at $94,676,000 after purchasing an additional 23,041 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Compass Diversified by 21,508.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,690,210 shares of the financial services provider's stock valued at $82,845,000 after purchasing an additional 3,673,132 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Compass Diversified by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,507,150 shares of the financial services provider's stock valued at $28,289,000 after purchasing an additional 10,570 shares during the period. Blair William & Co. IL grew its stake in Compass Diversified by 12.2% in the 3rd quarter. Blair William & Co. IL now owns 723,211 shares of the financial services provider's stock valued at $13,575,000 after buying an additional 78,397 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Compass Diversified by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 587,194 shares of the financial services provider's stock valued at $11,022,000 after buying an additional 23,950 shares during the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Stock Performance

Shares of NYSE:CODI traded down $0.01 on Friday, reaching $21.96. 156,872 shares of the company's stock were exchanged, compared to its average volume of 199,781. The company has a fifty day moving average of $23.22 and a 200-day moving average of $21.90. Compass Diversified has a twelve month low of $16.88 and a twelve month high of $25.07. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 129.18 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.

Compass Diversified (NYSE:CODI - Get Free Report) last announced its earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (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 business had revenue of $566.99 million for the quarter, compared to analyst estimates of $581.07 million. On average, research analysts predict that Compass Diversified will post 1.92 EPS for the current fiscal year.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.55%. Compass Diversified's payout ratio is presently 588.27%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CODI shares. Oppenheimer upped their price target 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. Bank of America upped their price target 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. Finally, William Blair reiterated an "outperform" rating on shares of Compass Diversified in a research note on Thursday, May 2nd.

Insider Buying and Selling

In related news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $24.92, for a total transaction of $187,149.20. Following 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.76% of the stock is currently owned by company insiders.

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.