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

Compass Diversified (NYSE:CODI) announced 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 dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, April 17th.

Compass Diversified has decreased its dividend payment by an average of 11.5% per year over the last three years. Compass Diversified has a payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.02 during midday trading on Friday, reaching $23.69. The company had a trading volume of 190,075 shares, compared to its average volume of 206,800. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 10.22 and a beta of 1.72. The company has a current ratio of 5.13, a quick ratio of 2.76 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is $23.13 and its 200-day simple moving average is $21.13. Compass Diversified has a 12-month low of $16.88 and a 12-month high of $25.07.

Compass Diversified (NYSE:CODI) last posted its quarterly 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 firm had revenue of $566.99 million for the quarter, compared to analysts’ expectations of $581.07 million. Compass Diversified had a return on equity of 11.93% and a net margin of 9.43%. On average, sell-side analysts anticipate that Compass Diversified will post 1.92 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Compass Diversified

Institutional investors have recently modified their holdings of the company. Money Concepts Capital Corp raised its holdings in 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 worth $27,000 after purchasing an additional 1,175 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in Compass Diversified during the third quarter worth about $29,000. Tower Research Capital LLC TRC lifted its holdings in Compass Diversified by 216.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,548 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Compass Diversified in the 2nd quarter worth approximately $55,000. Finally, Meeder Asset Management Inc. purchased a new position in Compass Diversified during the fourth quarter valued at approximately $57,000. Institutional investors own 72.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CODI. Bank of America raised their price objective on Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. William Blair restated an “outperform” rating on shares of Compass Diversified in a research report on Wednesday, March 6th. Finally, Oppenheimer lifted their price target on Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Tuesday, March 5th. Two research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

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.