Compass Diversified Holdings (NYSE:CODI) – William Blair increased their FY2019 earnings per share estimates for Compass Diversified in a research report issued to clients and investors on Wednesday, November 6th. William Blair analyst B. Hogan now anticipates that the financial services provider will post earnings of $1.64 per share for the year, up from their previous estimate of $1.56. William Blair also issued estimates for Compass Diversified’s Q4 2020 earnings at $0.55 EPS.
CODI has been the topic of a number of other research reports. Raymond James cut Compass Diversified from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. TheStreet upgraded Compass Diversified from a “c+” rating to a “b-” rating in a report on Thursday, August 8th. Zacks Investment Research upgraded Compass Diversified from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday. Finally, Roth Capital assumed coverage on Compass Diversified in a report on Monday, July 29th. They set a “buy” rating and a $21.50 target price on the stock.
Shares of CODI traded up $0.14 on Friday, reaching $22.23. The stock had a trading volume of 28,550 shares, compared to its average volume of 232,200. The firm has a market capitalization of $1.33 billion, a PE ratio of 15.44 and a beta of 1.12. The company has a quick ratio of 2.16, a current ratio of 3.46 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $19.83 and a 200 day moving average of $18.63. Compass Diversified has a twelve month low of $11.60 and a twelve month high of $22.65.
A number of large investors have recently made changes to their positions in CODI. First Allied Advisory Services Inc. lifted its stake in shares of Compass Diversified by 12.8% during the 3rd quarter. First Allied Advisory Services Inc. now owns 20,176 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 2,283 shares during the period. D.A. Davidson & CO. grew its position in Compass Diversified by 5.4% during the third quarter. D.A. Davidson & CO. now owns 73,959 shares of the financial services provider’s stock valued at $1,458,000 after acquiring an additional 3,760 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Compass Diversified in the third quarter worth approximately $178,000. Alps Advisors Inc. lifted its position in Compass Diversified by 720.3% during the third quarter. Alps Advisors Inc. now owns 113,200 shares of the financial services provider’s stock valued at $2,231,000 after buying an additional 99,400 shares during the period. Finally, Sigma Planning Corp increased its holdings in Compass Diversified by 60.3% in the 3rd quarter. Sigma Planning Corp now owns 20,402 shares of the financial services provider’s stock worth $402,000 after buying an additional 7,672 shares in the last quarter. Hedge funds and other institutional investors own 30.00% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend was Wednesday, October 16th. Compass Diversified’s dividend payout ratio (DPR) is presently 100.00%.
Compass Diversified Company Profile
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.
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