The insider cluster buys, while small in absolute dollar terms, are a rare post-earnings vote of confidence from management. The strong Q2 results and balance sheet de-risking provide fundamental support.
Price Chart
Executive Summary
Two CODI insiders (including C-suite) made open-market purchases totaling $420K in the week following a strong Q2 earnings report that showed a swing to GAAP net income of $81.1M, 12.6% adjusted EBITDA growth, and a debt-paydown/refinancing. The cluster buys represent ~0.05% of market cap, which is below the 0.1% materiality threshold, but the timing—right after a bullish earnings catalyst—amplifies the signal.
Key Financial Metrics
Key Facts
- Two insiders (Sawtelle and Keller) purchased a combined 42,000 shares for ~$420K in open-market transactions on Aug 12-13, 2026.
- Purchases came 2-3 days after CODI reported Q2 2026 GAAP net income of $81.1M ($0.86/share) vs. a net loss of $51.2M a year ago.
- Adjusted Subsidiary EBITDA (ex-Lugano and divested Sterno Food Service) rose 12.6% to $91.5M, with Branded Consumer up 24.2%.
- CODI amended its credit facility to extend maturities to Jan 2028 and reduce revolver commitments to $54M.
- Total insider purchases of $420K represent ~0.05% of CODI's $908M market cap—below the 0.1% materiality threshold but amplified by post-earnings timing.
Financial Impact
Insider purchases of $420K represent ~0.05% of market cap; Q2 earnings swing to $81.1M net income vs. -$51.2M loss YoY; adjusted EBITDA growth of 12.6%
Risk Factors
- Insider purchases are only 0.05% of market cap—too small to be a strong standalone signal.
- The household furniture sector is cyclical and sensitive to consumer spending; a macro downturn could reverse gains.
- The credit facility amendment reduced revolver commitments, potentially limiting financial flexibility for future acquisitions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CODI-1786660472426 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $10.41 | awaiting T+60 | — | $10.46 (+0.48%) |
Oct 1, 2026 25d ago | Press Release | $10.93 | awaiting T+60 | — | $10.46 (−4.30%) |
Aug 27, 2026 8w ago | Insider Buy | $11.45 | awaiting T+60 | — | $10.46 (−8.65%) |
Aug 18, 2026 9w ago | Insider Cluster | $11.59 | awaiting T+60 | — | $10.46 (−9.75%) |
Aug 14, 2026 10w ago | Insider Cluster | $12.10 | awaiting T+60 | — | $10.46 (−13.55%) |
Aug 13, 2026 10w ago | Insider Cluster | $12.71 | awaiting T+60 | — | $10.46 (−17.70%) |
Aug 10, 2026 11w ago | 8-K | $12.32 | awaiting T+60 | — | $10.46 (−15.10%) |
Jul 13, 2026 15w ago | 8-K | $9.93 $11.02 | ▲ +10.98% | ▲ +6.98% | $10.46 (+5.34%) |
Jul 1, 2026 16w ago | Press Release | $10.61 $11.25 | ▲ +6.03% | ▲ +3.02% | $10.46 (−1.41%) |
Jun 24, 2026 17w ago | 8-K | $9.85 $11.03 | ▲ +11.98% | ▲ +8.25% | $10.46 (+6.19%) |
US Market Status
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