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

Compass Diversified (NYSE:CODIGet Rating) declared a quarterly dividend on Friday, April 1st, Zacks reports. Stockholders of record on Thursday, April 21st will be given a dividend of 0.25 per share by the financial services provider on Thursday, April 28th. This represents a $1.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, April 20th.

Compass Diversified has a payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Compass Diversified to earn $1.94 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 51.5%.

CODI stock opened at $23.89 on Monday. The firm has a 50 day moving average price of $23.78 and a 200-day moving average price of $27.38. Compass Diversified has a 52-week low of $21.84 and a 52-week high of $33.31. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 1.74 and a beta of 1.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.52 and a current ratio of 3.00.

Compass Diversified (NYSE:CODIGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The financial services provider reported $0.25 earnings per share for the quarter. Compass Diversified had a net margin of 5.80% and a return on equity of 19.43%. The company had revenue of $536.60 million during the quarter, compared to analyst estimates of $508.83 million. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, sell-side analysts forecast that Compass Diversified will post 1.72 earnings per share for the current fiscal year.

In related news, insider Patrick A. Maciariello bought 6,000 shares of the business’s stock in a transaction on Monday, February 28th. The stock was acquired at an average price of $23.29 per share, with a total value of $139,740.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Salem Investment Counselors Inc. grew its position in shares of Compass Diversified by 1,032.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,132 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,032 shares during the period. Millennium Management LLC bought a new stake in shares of Compass Diversified during the 3rd quarter valued at $317,000. BlackRock Inc. bought a new stake in shares of Compass Diversified during the 4th quarter valued at $468,000. Deutsche Bank AG boosted its holdings in Compass Diversified by 218,650.0% in the 4th quarter. Deutsche Bank AG now owns 17,500 shares of the financial services provider’s stock worth $535,000 after buying an additional 17,492 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Compass Diversified by 18.0% in the 4th quarter. Parametric Portfolio Associates LLC now owns 43,393 shares of the financial services provider’s stock worth $1,327,000 after buying an additional 6,615 shares during the period. 33.75% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on CODI shares. Zacks Investment Research lowered shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 8th. StockNews.com started coverage on shares of Compass Diversified in a report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet lowered shares of Compass Diversified from a “b-” rating to a “c+” rating in a report on Wednesday, March 23rd. Finally, B. Riley began coverage on shares of Compass Diversified in a research report on Friday, April 8th. They issued a “buy” rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Compass Diversified presently has an average rating of “Hold” and an average price target of $33.00.

Compass Diversified Company Profile (Get Rating)

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, safety & security, electronic components, food, foodservice.

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Dividend History for Compass Diversified (NYSE:CODI)

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