Compass Diversified Holdings (NYSE:CODI), a company known for its diverse portfolio in household furniture, has reported a significant purchase of shares by Director Teri Shaffer. The transaction, which took place on May 28, 2024, involved the acquisition of 7,436 common shares at a weighted average price of $22.4057, resulting in a total investment of approximately $166,608.
The shares were bought in a series of transactions with prices ranging between $22.24 and $22.59. This purchase has increased Shaffer's stake in the company to a total of 15,423 shares. It's important to note that each common share represents one undivided beneficial interest in Compass Diversified Holdings and corresponds to one underlying trust common interest of Compass Group (LON:CPG) Diversified Holdings LLC held by the Trust.
Teri Shaffer's role extends beyond Compass Diversified Holdings; she is also a Director of Compass Group Diversified Holdings LLC, which is the sponsor of the Trust. Her latest move to increase her holdings in the company could be seen as a sign of confidence in the firm's future prospects.
Investors often keep a close eye on insider transactions as they can provide valuable insights into the company's health and the sentiment of its key executives. Compass Diversified Holdings' commitment to transparency ensures that stakeholders are well-informed of such significant financial activities.
The transaction was officially filed on May 29, 2024, and has been recorded in accordance with the regulations set forth by the Securities and Exchange Commission.
InvestingPro Insights
The recent insider purchase by Director Teri Shaffer at Compass Diversified Holdings (NYSE:CODI) aligns with a broader context of the company's financial health and market performance. According to real-time data from InvestingPro, Compass Diversified Holdings has a market capitalization of approximately $1.65 billion. Despite a challenging past twelve months, where the company was not profitable, analysts are optimistic about the company's potential for income growth this year. This optimism is reflected in the company's positive revenue growth of 5.89% over the last twelve months as of Q1 2024.
One of the InvestingPro Tips for Compass Diversified Holdings is the company's commendable track record of maintaining dividend payments for 19 consecutive years, with a current dividend yield of 4.46%. This could be a reassuring sign for investors looking for stable income streams, especially as the stock price movements have been quite volatile. Moreover, the company's liquid assets exceed its short-term obligations, indicating a healthy liquidity position that may alleviate concerns regarding its short-term financial stability.
For investors seeking more in-depth analysis, InvestingPro offers additional tips and metrics. There are currently 5 more InvestingPro Tips available for Compass Diversified Holdings, which can be accessed by visiting InvestingPro's dedicated page for the company. To further enrich your investment strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This promotion offers a valuable opportunity for investors to gain comprehensive insights into Compass Diversified Holdings and other investment opportunities.
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