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

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Thursday, January 16th.

Compass Diversified has decreased its dividend by an average of 11.5% annually over the last three years. Compass Diversified has a dividend payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 2.5 %

NYSE CODI opened at $21.91 on Wednesday. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The business’s 50-day moving average price is $23.02 and its two-hundred day moving average price is $22.15. The firm has a market capitalization of $1.66 billion, a PE ratio of 45.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.65.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The company had revenue of $582.62 million for the quarter, compared to analyst estimates of $571.68 million. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts expect that Compass Diversified will post 1.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, TD Cowen assumed coverage on Compass Diversified in a research report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price on the stock.

Insider Buying and Selling

In other news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following the completion of the sale, the insider now directly 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 document filed with the SEC, which is available through this hyperlink. 1.76% of the stock is owned by company insiders.

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.