Compass Diversified Holdings (NYSE:CODI) announced a quarterly dividend on Friday, July 7th, Wall Street Journal reports. Stockholders of record on Thursday, July 20th will be given a dividend of 0.36 per share by the financial services provider on Thursday, July 27th. This represents a $1.44 annualized dividend and a dividend yield of 8.14%. The ex-dividend date is Tuesday, July 18th.

Compass Diversified Holdings has a dividend payout ratio of 95.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Compass Diversified Holdings to earn $1.72 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 83.7%.

Compass Diversified Holdings (NYSE:CODI) traded up 3.51% during mid-day trading on Friday, hitting $17.70. 256,628 shares of the stock traded hands. Compass Diversified Holdings has a one year low of $15.90 and a one year high of $19.50. The stock has a market capitalization of $1.06 billion, a PE ratio of 114.19 and a beta of 0.57. The company has a 50 day moving average price of $16.59 and a 200-day moving average price of $16.94.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Compass Diversified Holdings from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Compass Diversified Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Compass Diversified Holdings in a report on Thursday, June 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.25.

In other Compass Diversified Holdings news, insider Elias Sabo bought 30,000 shares of Compass Diversified Holdings stock in a transaction on Tuesday, May 9th. The shares were purchased at an average cost of $16.14 per share, with a total value of $484,200.00. Following the acquisition, the insider now directly owns 485,549 shares of the company’s stock, valued at approximately $7,836,760.86. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alan B. Offenberg bought 60,000 shares of Compass Diversified Holdings stock in a transaction on Thursday, June 22nd. The shares were acquired at an average cost of $16.84 per share, for a total transaction of $1,010,400.00. Following the completion of the acquisition, the insider now directly owns 500,852 shares in the company, valued at $8,434,347.68. The disclosure for this purchase can be found here. Insiders have purchased a total of 96,000 shares of company stock worth $1,591,920 over the last ninety days. 2.40% of the stock is currently owned by insiders.

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Compass Diversified Holdings Company Profile

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

Dividend History for Compass Diversified Holdings (NYSE:CODI)

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