Compass Diversified Holdings (CODI) to Issue Dividend of $0.36
Compass Diversified Holdings (NYSE:CODI) declared a dividend on Thursday, October 6th. Shareholders of record on Thursday, October 20th will be paid a dividend of 0.36 per share on Thursday, October 27th. The ex-dividend date is Tuesday, October 18th.
Compass Diversified Holdings (NYSE:CODI) opened at 17.73 on Thursday. Compass Diversified Holdings has a 12 month low of $13.65 and a 12 month high of $17.75. The stock has a market capitalization of $962.72 million, a PE ratio of 6.58 and a beta of 1.01. The firm has a 50-day moving average price of $17.18 and a 200 day moving average price of $16.57.
Compass Diversified Holdings (NYSE:CODI) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The firm earned $229.39 million during the quarter, compared to analysts’ expectations of $228.45 million. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. Equities analysts anticipate that Compass Diversified Holdings will post $1.41 earnings per share for the current year.
Several research analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of Compass Diversified Holdings in a research report on Friday, September 30th. Jefferies Group reissued a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research report on Friday, September 23rd. Zacks Investment Research raised Compass Diversified Holdings from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Thursday, September 1st. Bank of America Corp. reissued a “buy” rating and issued a $18.00 price target on shares of Compass Diversified Holdings in a research report on Friday, August 26th. Finally, SunTrust Banks Inc. began coverage on Compass Diversified Holdings in a research report on Wednesday, July 20th. They set a “buy” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $18.51.
In other news, insider Alan B. Offenberg purchased 30,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were acquired at an average price of $17.10 per share, for a total transaction of $513,000.00. Following the purchase, the insider now owns 324,942 shares in the company, valued at $5,556,508.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in Compass Diversified Holdings during the second quarter valued at $178,000. KCG Holdings Inc. purchased a new stake in Compass Diversified Holdings during the second quarter valued at $192,000. Keeley Asset Management Corp purchased a new stake in Compass Diversified Holdings during the second quarter valued at $166,000. Citigroup Inc. increased its stake in Compass Diversified Holdings by 5.7% in the second quarter. Citigroup Inc. now owns 58,113 shares of the company’s stock valued at $964,000 after buying an additional 3,125 shares during the last quarter. Finally, Advisor Group Inc. purchased a new stake in Compass Diversified Holdings during the second quarter valued at $214,000.
Compass Diversified Holdings Company Profile
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages a group of small and middle-market businesses. The Company’s segments include The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty Safe or Liberty), Fresh Hemp Foods Ltd.
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