Mon Sep 23 22:46:44 UTC 2024: ## Compass Diversified Insider Purchases Shares, Stock Price Rises

**New York, NY (MarketBeat News) -** Patrick A. Maciariello, an insider at Compass Diversified (NYSE: CODI), recently purchased 5,000 shares of the company’s stock on September 20th at an average price of $21.87 per share. This transaction, valued at $109,350, brings his total ownership to 228,518 shares, worth $4,997,688.66.

The news of this purchase came as shares of CODI rose $0.16 to close at $21.75 on Monday. The stock’s trading volume surpassed its average, reaching 309,895 shares.

Compass Diversified, a private equity firm specializing in middle-market investments, reported strong earnings in the second quarter, surpassing analysts’ expectations. The company earned $0.83 per share, beating the consensus estimate by $0.39.

Several institutional investors have recently adjusted their holdings in Compass Diversified, with some increasing their stakes while others adding new positions. Notable investors include Sanctuary Advisors LLC, Truist Financial Corp, Sei Investments Co., Inspire Investing LLC, and Mercer Global Advisors Inc. ADV.

Compass Diversified’s stock performance has been positive in recent months, reaching a one-year high of $25.07 earlier this year. The company’s strong earnings and insider purchase activity suggest continued optimism for its future performance.

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