Compass Minerals International, Inc. (NYSE:CMP) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,670,800 shares, a drop of 7.6% from the May 15th total of 2,891,600 shares. Based on an average daily trading volume, of 285,300 shares, the days-to-cover ratio is presently 9.4 days. Approximately 7.9% of the company’s stock are short sold.
In other Compass Minerals International news, Director Joseph E. Reece acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average cost of $53.51 per share, with a total value of $53,510.00. Following the completion of the acquisition, the director now directly owns 259 shares in the company, valued at approximately $13,859.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James D. Standen acquired 692 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $52.05 per share, for a total transaction of $36,018.60. Following the completion of the acquisition, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $156,150. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,722 shares of company stock worth $144,229. 0.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Compass Minerals International by 0.9% during the fourth quarter. BlackRock Inc. now owns 3,922,568 shares of the basic materials company’s stock valued at $163,532,000 after purchasing an additional 33,948 shares during the period. Deprince Race & Zollo Inc. lifted its position in Compass Minerals International by 23.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,230,684 shares of the basic materials company’s stock valued at $51,307,000 after purchasing an additional 234,982 shares during the period. Bank of New York Mellon Corp lifted its position in Compass Minerals International by 22.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,123,458 shares of the basic materials company’s stock valued at $46,838,000 after purchasing an additional 207,072 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Compass Minerals International by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 935,385 shares of the basic materials company’s stock worth $38,996,000 after acquiring an additional 45,945 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Compass Minerals International by 31.5% in the fourth quarter. Van ECK Associates Corp now owns 799,795 shares of the basic materials company’s stock worth $33,343,000 after acquiring an additional 191,418 shares during the period. Institutional investors own 93.41% of the company’s stock.
CMP has been the topic of several analyst reports. BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 2nd. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.77.
NYSE CMP traded up $0.84 on Friday, hitting $53.03. The stock had a trading volume of 451,984 shares, compared to its average volume of 311,844. The company has a market capitalization of $1.80 billion, a PE ratio of 29.96 and a beta of 1.35. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.37 and a current ratio of 2.16. Compass Minerals International has a 52-week low of $38.19 and a 52-week high of $70.40. The business has a fifty day moving average of $54.28.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.21. The firm had revenue of $403.70 million for the quarter, compared to analyst estimates of $417.50 million. Compass Minerals International had a net margin of 4.37% and a return on equity of 11.26%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. On average, analysts predict that Compass Minerals International will post 2.62 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.72 per share. The ex-dividend date was Thursday, May 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.43%. Compass Minerals International’s dividend payout ratio is presently 149.22%.
About Compass Minerals International
Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.
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