Compass Diversified Holdings (NYSE:CODI) announced a dividend on Thursday, October 6th. Stockholders 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.
Shares of Compass Diversified Holdings (NYSE:CODI) opened at 17.73 on Thursday. The company has a market cap of $962.72 million, a P/E ratio of 6.58 and a beta of 1.01. The stock 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 1-year low of $13.65 and a 1-year high of $17.75.
Compass Diversified Holdings (NYSE:CODI) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.02. The company earned $229.39 million during the quarter, compared to analyst estimates of $228.45 million. Compass Diversified Holdings’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. Analysts predict that Compass Diversified Holdings will post $1.41 earnings per share for the current fiscal year.
In related news, insider Alan B. Offenberg purchased 30,000 shares of Compass Diversified Holdings stock in a transaction dated Tuesday, August 16th. The shares were acquired at an average cost of $17.10 per share, for a total transaction of $513,000.00. Following the transaction, the insider now directly owns 324,942 shares of the company’s stock, valued at $5,556,508.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several hedge funds and other institutional investors have recently bought and sold shares of CODI. Citadel Advisors LLC bought a new position in Compass Diversified Holdings during the second quarter valued at about $178,000. KCG Holdings Inc. bought a new position in Compass Diversified Holdings during the second quarter valued at about $192,000. Keeley Asset Management Corp bought a new position in Compass Diversified Holdings during the second quarter valued at about $166,000. Citigroup Inc. raised its position in 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. Finally, Advisor Group Inc. bought a new position in Compass Diversified Holdings during the second quarter valued at about $214,000.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Jefferies Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Compass Diversified Holdings in a research report on Friday, September 23rd. William Blair reiterated an “outperform” rating on shares of Compass Diversified Holdings in a research report on Friday, September 30th. TheStreet upgraded Compass Diversified Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Finally, 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. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.51.
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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