Wall Street brokerages forecast that Compass Diversified Holdings (NYSE:CODI) will announce sales of $353.20 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Compass Diversified’s earnings. The highest sales estimate is $365.37 million and the lowest is $345.81 million. Compass Diversified reported sales of $318.56 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.9%. The business is expected to issue its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Compass Diversified will report full year sales of $353.20 million for the current fiscal year, with estimates ranging from $1.27 billion to $1.29 billion. For the next year, analysts expect that the company will report sales of $1.37 billion per share, with estimates ranging from $1.36 billion to $1.40 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Compass Diversified.

Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Tuesday. BidaskClub cut shares of Compass Diversified from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.50.

Shares of Compass Diversified (NYSE CODI) remained flat at $$17.20 during mid-day trading on Wednesday. 193,306 shares of the company’s stock traded hands, compared to its average volume of 234,929. The firm has a market capitalization of $1,020.00, a PE ratio of -14.96 and a beta of 0.55. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.71. Compass Diversified has a 52-week low of $15.90 and a 52-week high of $18.35.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 18th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, January 17th. This represents a $1.44 annualized dividend and a yield of 8.37%. Compass Diversified’s dividend payout ratio is presently -125.22%.

In related news, insider James Bottiglieri purchased 4,733 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were purchased at an average cost of $17.24 per share, with a total value of $81,596.92. Following the completion of the acquisition, the insider now directly owns 55,195 shares of the company’s stock, valued at approximately $951,561.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CODI. Royal Bank of Canada raised its holdings in Compass Diversified by 2.4% in the second quarter. Royal Bank of Canada now owns 8,687,327 shares of the financial services provider’s stock valued at $151,591,000 after acquiring an additional 205,723 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Compass Diversified by 4.4% during the third quarter. American Century Companies Inc. now owns 2,298,112 shares of the financial services provider’s stock worth $40,791,000 after purchasing an additional 97,521 shares during the period. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Compass Diversified during the third quarter worth $1,433,000. GSA Capital Partners LLP raised its holdings in shares of Compass Diversified by 96.7% during the second quarter. GSA Capital Partners LLP now owns 164,090 shares of the financial services provider’s stock worth $2,863,000 after purchasing an additional 80,663 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Compass Diversified during the third quarter worth $566,000. 33.43% of the stock is currently owned by hedge funds and other institutional investors.

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About Compass Diversified

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.

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