Compass Diversified Holdings Announces Dividend of $0.36 (CODI)
Compass Diversified Holdings (NYSE:CODI) declared a dividend on Thursday, October 6th. Shareholders of record on Thursday, October 20th will be given 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. 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 has a 52-week low of $13.65 and a 52-week high of $17.75. The firm has a market capitalization of $962.72 million, a P/E ratio of 6.58 and a beta of 1.01.
Compass Diversified Holdings (NYSE:CODI) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 earnings per share (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 analyst estimates of $228.45 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts forecast that Compass Diversified Holdings will post $1.41 EPS for the current year.
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Several analysts have recently issued reports on CODI shares. Zacks Investment Research upgraded Compass Diversified Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, July 6th. Bank of America Corp. restated a “buy” rating and issued a $18.00 price objective on shares of Compass Diversified Holdings in a research report on Friday, August 26th. SunTrust Banks Inc. started coverage on Compass Diversified Holdings in a research report on Wednesday, July 20th. They issued a “buy” rating and a $19.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Compass Diversified Holdings in a research report on Friday, September 30th. Finally, Jefferies Group restated a “buy” rating and issued a $20.00 price objective on shares of Compass Diversified Holdings in a research report on Saturday, June 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Compass Diversified Holdings currently has an average rating of “Buy” and a consensus price target of $18.51.
In other Compass Diversified Holdings news, insider Alan B. Offenberg bought 30,000 shares of Compass Diversified Holdings stock in a transaction that occurred on Tuesday, August 16th. The shares were purchased at an average cost of $17.10 per share, for a total transaction of $513,000.00. Following the completion of the transaction, the insider now owns 324,942 shares of the company’s stock, valued at approximately $5,556,508.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of 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 in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Compass Diversified Holdings by 4.1% in the second quarter. Atlantic Trust Group LLC now owns 17,654 shares of the company’s stock valued at $293,000 after buying an additional 700 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Compass Diversified Holdings by 8.7% in the second quarter. Ameriprise Financial Inc. now owns 16,848 shares of the company’s stock valued at $276,000 after buying an additional 1,350 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of Compass Diversified Holdings during the second quarter valued at approximately $214,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Compass Diversified Holdings during the second quarter valued at approximately $192,000.
About Compass Diversified Holdings
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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