Compass Diversified (CODI) to Issue Quarterly Dividend of $0.25 on January 23rd

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

Compass Diversified has decreased its dividend payment 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. 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 Performance

Shares of CODI opened at $21.18 on Tuesday. The company has a market capitalization of $1.60 billion, a PE ratio of 44.13, 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 current ratio of 4.22 and a quick ratio of 1.62. The company’s fifty day moving average price is $23.05 and its 200 day moving average price is $22.14.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CODI. TD Cowen began coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They set a “buy” rating and a $34.00 price objective on the stock. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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 stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the completion of the sale, the insider now owns 7,456,197 shares of the company’s stock, valued at $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.76% of the company’s stock.

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.