Compass Diversified (CODI) to Issue Quarterly Dividend of $0.25 on July 25th

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Tuesday, July 2nd, Wall Street Journal reports. Investors of record on Thursday, July 18th will be given a dividend of 0.25 per share by the financial services provider on Thursday, July 25th. This represents a $1.00 annualized dividend and a yield of 4.58%. The ex-dividend date is Thursday, July 18th.

Compass Diversified has decreased its dividend payment by an average of 11.5% per year over the last three years. Compass Diversified has a payout ratio of 41.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Compass Diversified to earn $2.18 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 45.9%.

Compass Diversified Stock Up 0.1 %

CODI stock opened at $21.84 on Thursday. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.08 and a quick ratio of 1.64. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 128.48, a PEG ratio of 1.50 and a beta of 1.68. The business’s fifty day moving average price is $22.15 and its two-hundred day moving average price is $22.59.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Compass Diversified had a return on equity of 11.71% and a net margin of 4.61%. The business had revenue of $524.29 million for the quarter, compared to the consensus estimate of $540.20 million. On average, equities analysts anticipate that Compass Diversified will post 1.89 earnings per share for the current year.

Insider Activity

In other news, insider Larry L. Enterline purchased 8,212 shares of Compass Diversified stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $22.41 per share, for a total transaction of $184,030.92. Following the transaction, the insider now owns 32,886 shares of the company’s stock, valued at approximately $736,975.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Compass Diversified news, insider Larry L. Enterline purchased 8,212 shares of the stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $22.41 per share, with a total value of $184,030.92. Following the acquisition, the insider now owns 32,886 shares of the company’s stock, valued at $736,975.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan J. Faulkingham purchased 5,000 shares of Compass Diversified stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $22.44 per share, for a total transaction of $112,200.00. Following the completion of the purchase, the insider now owns 33,950 shares in the company, valued at approximately $761,838. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CODI. Bank of America boosted their price target on Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Thursday, May 2nd.

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.