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

Compass Diversified (NYSE:CODI) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Thursday, January 16th will be paid 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 payment by an average of 11.5% annually over the last three years. Compass Diversified has a payout ratio of 40.5% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 2.5 %

NYSE CODI traded down $0.57 during trading hours on Tuesday, reaching $21.91. 206,187 shares of the company traded hands, compared to its average volume of 163,922. The stock has a market capitalization of $1.66 billion, a PE ratio of 45.65, a PEG ratio of 1.54 and a beta of 1.65. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07. The company has a 50 day moving average of $23.00 and a two-hundred day moving average of $22.15.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. The business had revenue of $582.62 million for the quarter, compared to analysts’ expectations of $571.68 million. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. As a group, equities analysts expect that Compass Diversified will post 1.96 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In other news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the completion of the transaction, the insider now owns 7,456,197 shares in the company, valued at approximately $171,865,340.85. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.76% of the company’s stock.

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.