Compass Diversified Holdings (NYSE:CODI) – Equities researchers at SunTrust Banks lifted their Q1 2018 earnings per share estimates for shares of Compass Diversified in a report issued on Friday. SunTrust Banks analyst D. Mewhirter now expects that the financial services provider will earn $0.35 per share for the quarter, up from their prior estimate of $0.33. SunTrust Banks also issued estimates for Compass Diversified’s Q2 2018 earnings at $0.45 EPS.
CODI has been the topic of several other reports. TheStreet downgraded Compass Diversified from a “b-” rating to a “c” rating in a research report on Wednesday, January 17th. BidaskClub upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded Compass Diversified from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Compass Diversified has a consensus rating of “Hold” and a consensus price target of $19.50.
Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, November 8th. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.22). Compass Diversified had a negative net margin of 1.31% and a positive return on equity of 2.77%.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 18th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, January 17th. This represents a $1.44 annualized dividend and a dividend yield of 8.52%. Compass Diversified’s payout ratio is -123.08%.
In other Compass Diversified news, insider James Bottiglieri acquired 4,733 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were acquired at an average cost of $17.24 per share, for a total transaction of $81,596.92. Following the completion of the transaction, the insider now directly owns 55,195 shares of the company’s stock, valued at $951,561.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of CODI. Royal Bank of Canada lifted its position in shares of 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 worth $151,591,000 after buying an additional 205,723 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Compass Diversified by 4.4% in 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 buying an additional 97,521 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Compass Diversified in the third quarter worth about $1,433,000. North Star Investment Management Corp. lifted its position in shares of Compass Diversified by 101.6% in the fourth quarter. North Star Investment Management Corp. now owns 106,592 shares of the financial services provider’s stock worth $1,807,000 after buying an additional 53,713 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Compass Diversified in the third quarter worth about $566,000. Institutional investors own 33.43% of the company’s stock.
Compass Diversified 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.
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