Bank of America Corp DE Acquires 37,825 Shares of Compass Diversified Holdings (NYSE:CODI)

Bank of America Corp DE raised its position in shares of Compass Diversified Holdings (NYSE:CODI) by 40.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,202 shares of the financial services provider’s stock after buying an additional 37,825 shares during the period. Bank of America Corp DE owned approximately 0.22% of Compass Diversified Holdings worth $2,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. McKinley Carter Wealth Services Inc. boosted its position in Compass Diversified Holdings by 1.9% in the first quarter. McKinley Carter Wealth Services Inc. now owns 14,314 shares of the financial services provider’s stock valued at $238,000 after buying an additional 273 shares during the period. Northwest Quadrant Wealth Management LLC boosted its position in Compass Diversified Holdings by 2.1% in the first quarter. Northwest Quadrant Wealth Management LLC now owns 14,346 shares of the financial services provider’s stock valued at $232,000 after buying an additional 298 shares during the period. Envestnet Asset Management Inc. boosted its position in Compass Diversified Holdings by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 13,318 shares of the financial services provider’s stock valued at $221,000 after buying an additional 305 shares during the period. Stifel Financial Corp boosted its position in Compass Diversified Holdings by 1.3% in the first quarter. Stifel Financial Corp now owns 42,612 shares of the financial services provider’s stock valued at $707,000 after buying an additional 545 shares during the period. Finally, Wedbush Securities Inc. boosted its position in Compass Diversified Holdings by 6.7% in the first quarter. Wedbush Securities Inc. now owns 10,991 shares of the financial services provider’s stock valued at $182,000 after buying an additional 687 shares during the period. Hedge funds and other institutional investors own 37.06% of the company’s stock.

Shares of Compass Diversified Holdings (NYSE:CODI) remained flat at $17.25 during mid-day trading on Friday. The company had a trading volume of 244,565 shares. The company’s market cap is $1.03 billion. Compass Diversified Holdings has a 52 week low of $15.90 and a 52 week high of $19.50. The firm’s 50-day moving average price is $17.37 and its 200-day moving average price is $16.86.

Compass Diversified Holdings (NYSE:CODI) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.90. Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The company had revenue of $307.38 million during the quarter, compared to the consensus estimate of $302.86 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 43.5% compared to the same quarter last year. On average, equities analysts forecast that Compass Diversified Holdings will post $1.59 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date was Tuesday, July 18th. Compass Diversified Holdings’s payout ratio is currently -276.92%.

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Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. ValuEngine cut shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a research report on Friday, July 14th. BidaskClub cut shares of Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, TheStreet upgraded shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.25.

In related news, insider James Bottiglieri purchased 3,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of $16.24 per share, with a total value of $48,720.00. Following the completion of the purchase, the insider now owns 45,462 shares in the company, valued at approximately $738,302.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alan B. Offenberg purchased 60,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was bought at an average cost of $16.84 per share, for a total transaction of $1,010,400.00. Following the purchase, the insider now owns 500,852 shares of the company’s stock, valued at approximately $8,434,347.68. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

About Compass Diversified Holdings

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

Institutional Ownership by Quarter for Compass Diversified Holdings (NYSE:CODI)

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