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

Compass Diversified (NYSE:CODI) declared a quarterly dividend on Wednesday, July 3rd, Wall Street Journal reports. Stockholders of record on Thursday, July 18th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, July 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, July 18th.

Compass Diversified has decreased its dividend payment by an average of 11.5% annually over the last three years. Compass Diversified has a payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Research 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 0.2 %

Shares of NYSE:CODI traded up $0.05 during trading on Wednesday, reaching $21.86. 96,848 shares of the stock were exchanged, compared to its average volume of 203,643. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.08 and a quick ratio of 1.64. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07. The stock has a fifty day moving average of $22.18 and a two-hundred day moving average of $22.60. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 128.27, a price-to-earnings-growth ratio of 1.51 and a beta of 1.68.

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). The company had revenue of $524.29 million during the quarter, compared to analysts’ expectations of $540.20 million. Compass Diversified had a net margin of 4.61% and a return on equity of 11.71%. Research analysts anticipate that Compass Diversified will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Compass Diversified

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Oppenheimer upped their price objective on Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Tuesday, March 5th. Bank of America increased their price target on Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research note on Thursday, May 2nd.

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.