Compass Diversified (NYSE:CODI – Get Rating) announced a quarterly dividend on Tuesday, July 5th, Wall Street Journal reports. Stockholders of record on Thursday, July 21st will be given a dividend of 0.25 per share by the financial services provider on Thursday, July 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Wednesday, July 20th.
Compass Diversified has increased its dividend payment by an average of 17.2% annually over the last three years. Compass Diversified has a payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Compass Diversified to earn $0.72 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 138.9%.
Shares of CODI stock opened at $22.81 on Wednesday. Compass Diversified has a one year low of $20.30 and a one year high of $33.31. The company’s 50-day moving average is $22.44 and its 200 day moving average is $24.28. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 3.41 and a beta of 1.73. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.50 and a current ratio of 3.23.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC bought a new position in Compass Diversified during the first quarter valued at $228,000. BNP Paribas Arbitrage SA increased its position in Compass Diversified by 47.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 20,349 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 6,536 shares during the period. Keeley Teton Advisors LLC increased its position in Compass Diversified by 2.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 39,150 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 1,000 shares during the period. Gamco Investors INC. ET AL increased its position in Compass Diversified by 36.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 98,560 shares of the financial services provider’s stock valued at $2,343,000 after purchasing an additional 26,450 shares during the period. Finally, Invesco Ltd. increased its position in Compass Diversified by 58.6% during the 1st quarter. Invesco Ltd. now owns 230,344 shares of the financial services provider’s stock valued at $5,475,000 after purchasing an additional 85,067 shares during the period. 38.53% of the stock is owned by institutional investors.
CODI has been the topic of a number of research analyst reports. TheStreet downgraded shares of Compass Diversified from a “b-” rating to a “c+” rating in a research report on Wednesday, March 23rd. B. Riley initiated coverage on shares of Compass Diversified in a research report on Friday, April 8th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, StockNews.com initiated coverage on shares of Compass Diversified in a research report on Thursday, March 31st. They set a “hold” rating on the stock.
About Compass Diversified (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.
- Get a free copy of the StockNews.com research report on Compass Diversified (CODI)
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