Opus Capital Group LLC Has $988,000 Stock Holdings in Compass Diversified (NYSE:CODI)

Opus Capital Group LLC decreased its holdings in shares of Compass Diversified (NYSE:CODI) by 22.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,000 shares of the financial services provider’s stock after selling 12,500 shares during the period. Opus Capital Group LLC owned approximately 0.06% of Compass Diversified worth $988,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Money Concepts Capital Corp raised its holdings in Compass Diversified by 352.9% during the fourth quarter. Money Concepts Capital Corp now owns 1,508 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,175 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of Compass Diversified in the third quarter valued at about $29,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $43,000 after purchasing an additional 1,548 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Compass Diversified in the second quarter valued at about $55,000. Finally, NBC Securities Inc. purchased a new stake in shares of Compass Diversified in the third quarter valued at about $48,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Insider Activity

In other Compass Diversified news, insider James Bottiglieri bought 5,123 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were purchased at an average price of $21.40 per share, for a total transaction of $109,632.20. Following the acquisition, the insider now owns 88,217 shares in the company, valued at approximately $1,887,843.80. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, insider James Bottiglieri purchased 5,123 shares of the stock in a transaction dated Thursday, January 18th. The stock was purchased at an average price of $21.40 per share, with a total value of $109,632.20. Following the transaction, the insider now directly owns 88,217 shares in the company, valued at $1,887,843.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $24.92, for a total value of $187,149.20. Following the completion of the transaction, the insider now directly owns 7,991,471 shares of the company’s stock, valued at approximately $199,147,457.32. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 75,123 shares of company stock worth $1,684,632. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

CODI has been the subject of several research reports. William Blair restated an “outperform” rating on shares of Compass Diversified in a research report on Wednesday, March 6th. Oppenheimer increased their target price 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. Finally, Bank of America increased their target price on shares of Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th.

Compass Diversified Trading Down 1.1 %

NYSE:CODI traded down $0.25 during trading hours on Wednesday, hitting $22.14. The company had a trading volume of 137,536 shares, compared to its average volume of 206,006. The company has a market capitalization of $1.67 billion, a PE ratio of 9.70 and a beta of 1.72. The stock has a 50-day moving average price of $23.32 and a 200 day moving average price of $21.41. Compass Diversified has a 52 week low of $16.88 and a 52 week high of $25.07. The company has a debt-to-equity ratio of 1.37, a current ratio of 5.13 and a quick ratio of 2.76.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The company had revenue of $566.99 million during the quarter, compared to the consensus estimate of $581.07 million. Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. On average, equities research analysts predict that Compass Diversified will post 1.93 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Wednesday, April 17th. Compass Diversified’s dividend payout ratio (DPR) is presently 43.29%.

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.