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

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Stockholders 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 dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, January 16th.

Compass Diversified has decreased its dividend by an average of 11.5% per year over the last three years. Compass Diversified has a dividend payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. 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 Performance

NYSE CODI opened at $21.18 on Tuesday. The firm has a 50-day moving average of $23.05 and a 200-day moving average of $22.14. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The stock has a market cap of $1.60 billion, a PE ratio of 44.13, a P/E/G ratio of 1.54 and a beta of 1.65. Compass Diversified has a 52-week low of $19.76 and a 52-week high of $25.07.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. TD Cowen assumed coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price target on the stock. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $29.00.

Insider Buying and Selling at Compass Diversified

In other 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 shares were sold at an average price of $23.05, for a total value of $3,118,065.70. Following the sale, the insider now directly owns 7,456,197 shares in the company, valued at approximately $171,865,340.85. This trade represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.