Compass Diversified (CODI) To Go Ex-Dividend on April 17th

Compass Diversified (NYSE:CODI) declared a quarterly dividend on Thursday, April 4th, Wall Street Journal reports. Stockholders of record on Thursday, April 18th will be given a dividend of 0.25 per share by the financial services provider on Thursday, April 25th. This represents a $1.00 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Wednesday, April 17th.

Compass Diversified has decreased its dividend by an average of 11.5% annually over the last three years. Compass Diversified has a dividend payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Compass Diversified to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 49.3%.

Compass Diversified Price Performance

Shares of NYSE:CODI opened at $23.47 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.76 and a current ratio of 5.13. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 10.16 and a beta of 1.72. The business has a 50-day simple moving average of $23.28 and a two-hundred day simple moving average of $21.36. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). The company had revenue of $566.99 million for 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, analysts expect that Compass Diversified will post 1.93 earnings per share for the current year.

Analyst Ratings Changes

CODI has been the topic of several recent research reports. Oppenheimer increased their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 5th. Bank of America increased their price objective on shares of Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, William Blair reissued an “outperform” rating on shares of Compass Diversified in a report on Wednesday, March 6th.

Insider Activity

In other news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $24.92, for a total transaction of $187,149.20. Following the completion of the transaction, the insider now directly owns 7,991,471 shares in the company, valued at approximately $199,147,457.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Compass Diversified news, insider Patrick A. Maciariello bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was acquired at an average cost of $22.35 per share, for a total transaction of $223,500.00. Following the completion of the transaction, the insider now owns 211,018 shares in the company, valued at $4,716,252.30. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of Compass Diversified stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.92, for a total value of $187,149.20. Following the sale, the insider now owns 7,991,471 shares of the company’s stock, valued at $199,147,457.32. The disclosure for this sale can be found here. In the last ninety days, insiders bought 75,123 shares of company stock worth $1,684,632. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Compass Diversified

Institutional investors have recently made changes to their positions in the company. Money Concepts Capital Corp increased its stake in shares of 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 valued at $27,000 after buying an additional 1,175 shares during the period. Ensign Peak Advisors Inc purchased a new position in shares of Compass Diversified during the third quarter valued at $29,000. Tower Research Capital LLC TRC increased its stake in shares of Compass Diversified by 216.5% during 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 buying an additional 1,548 shares during the period. Quantbot Technologies LP purchased a new position in shares of Compass Diversified during the second quarter valued at $55,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Compass Diversified during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.