Compass Diversified to Issue Quarterly Dividend of $0.25 (NYSE:CODI)

Compass Diversified (NYSE:CODI - Get Free Report) declared a quarterly dividend on Friday, April 5th, Wall Street Journal reports. Shareholders of record on Thursday, April 18th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, April 25th. This represents a $1.00 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date 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 payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Compass Diversified to earn $2.19 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 45.7%.

Compass Diversified Stock Up 0.1 %

NYSE:CODI traded up $0.03 during trading hours on Friday, reaching $23.70. 190,076 shares of the company traded hands, compared to its average volume of 206,800. The business's 50-day moving average price is $23.13 and its two-hundred day moving average price is $21.13. The stock has a market capitalization of $1.78 billion, a P/E ratio of 10.22 and a beta of 1.72. Compass Diversified has a 1 year low of $16.88 and a 1 year high of $25.07. The company has a current ratio of 5.13, a quick ratio of 2.76 and a debt-to-equity ratio of 1.37.

Compass Diversified (NYSE:CODI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). The company had revenue of $566.99 million for the quarter, compared to analysts' expectations of $581.07 million. Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. Analysts predict that Compass Diversified will post 1.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CODI. William Blair reissued an "outperform" rating on shares of Compass Diversified in a report on Wednesday, March 6th. Oppenheimer lifted their target price on Compass Diversified from $21.00 to $23.00 and gave the stock a "market perform" rating in a report on Tuesday, March 5th. Finally, Bank of America lifted their target price on Compass Diversified from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.50.

Insider Buying and Selling

In other news, insider James Bottiglieri acquired 5,123 shares of the business's stock in a transaction that occurred on Thursday, January 18th. The stock was bought at an average price of $21.40 per share, with a total value of $109,632.20. Following the completion of the acquisition, the insider now directly owns 88,217 shares of the company's stock, valued at approximately $1,887,843.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider James Bottiglieri acquired 5,123 shares of the business's stock in a transaction that occurred on Thursday, January 18th. The stock was bought at an average price of $21.40 per share, with a total value of $109,632.20. Following the completion of the acquisition, the insider now directly owns 88,217 shares of the company's stock, valued at approximately $1,887,843.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elias Sabo acquired 30,000 shares of the business's stock in a transaction that occurred on Wednesday, January 24th. The stock was purchased at an average cost of $22.10 per share, with a total value of $663,000.00. Following the acquisition, the insider now directly owns 615,549 shares of the company's stock, valued at $13,603,632.90. The disclosure for this purchase can be found here. Insiders bought 75,123 shares of company stock valued at $1,684,632 over the last 90 days. Company insiders own 2.40% of the company's stock.

Hedge Funds Weigh In On Compass Diversified

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its position in shares of Compass Diversified by 3.3% in the second quarter. Creative Planning now owns 16,182 shares of the financial services provider's stock valued at $347,000 after acquiring an additional 517 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Compass Diversified by 14.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,219 shares of the financial services provider's stock valued at $113,000 after acquiring an additional 675 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Compass Diversified by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,676 shares of the financial services provider's stock valued at $223,000 after acquiring an additional 680 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Compass Diversified by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 20,382 shares of the financial services provider's stock valued at $442,000 after acquiring an additional 794 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Compass Diversified by 2.4% in the second quarter. Stifel Financial Corp now owns 39,435 shares of the financial services provider's stock valued at $855,000 after acquiring an additional 913 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Company Profile

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.