Compass Diversified (CODI) To Go Ex-Dividend on January 16th

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders of record on Thursday, January 16th will be given a dividend of 0.25 per share by the financial services provider on Thursday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Thursday, January 16th.

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 40.5% indicating that 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 Price Performance

Shares of CODI opened at $21.91 on Wednesday. The stock’s fifty day moving average is $23.02 and its 200-day moving average is $22.15. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 45.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.65. Compass Diversified has a one year low of $19.76 and a one year high of $25.07. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The firm had revenue of $582.62 million for the quarter, compared to analysts’ expectations of $571.68 million. During the same quarter last year, the business posted $0.34 EPS. Compass Diversified’s revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that Compass Diversified will post 1.96 EPS for the current year.

Analyst Ratings Changes

Separately, TD Cowen assumed coverage on Compass Diversified in a report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price target for the company.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following the completion of the transaction, the insider now directly owns 7,456,197 shares in the company, valued at $171,865,340.85. This trade represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.76% of the company’s stock.

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.