Compass Diversified Holdings (NYSE:CODI) declared a dividend on Thursday, October 6th. Investors of record on Thursday, October 20th will be given a dividend of 0.36 per share on Thursday, October 27th. The ex-dividend date of this dividend is Tuesday, October 18th.
Compass Diversified Holdings (NYSE:CODI) opened at 17.90 on Monday. The firm has a market capitalization of $971.95 million, a price-to-earnings ratio of 6.64 and a beta of 1.01. The company has a 50 day moving average price of $17.23 and a 200-day moving average price of $16.60. Compass Diversified Holdings has a 1-year low of $13.65 and a 1-year high of $17.91.
Compass Diversified Holdings (NYSE:CODI) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 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 last year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts forecast that Compass Diversified Holdings will post $1.41 EPS for the current fiscal year.
Several equities analysts have recently commented 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. reiterated a “buy” rating and issued a $18.00 target price on shares of Compass Diversified Holdings in a research report on Friday, August 26th. SunTrust Banks Inc. began coverage on Compass Diversified Holdings in a research report on Wednesday, July 20th. They issued a “buy” rating and a $19.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Compass Diversified Holdings in a research report on Friday, September 30th. Finally, Jefferies Group reiterated a “buy” rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a research report on Saturday, June 25th. One investment 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. Compass Diversified Holdings presently has an average rating of “Buy” and an average target price of $18.51.
In related news, insider Alan B. Offenberg acquired 30,000 shares of Compass Diversified Holdings stock in a transaction on Tuesday, August 16th. The shares were bought at an average cost of $17.10 per share, with a total value of $513,000.00. Following the completion of the purchase, the insider now directly 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 is available at this hyperlink.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CODI. Atlantic Trust Group LLC boosted its position in Compass Diversified Holdings by 4.1% in the second quarter. Atlantic Trust Group LLC now owns 17,654 shares of the company’s stock worth $293,000 after buying an additional 700 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Compass Diversified Holdings by 8.7% in the second quarter. Ameriprise Financial Inc. now owns 16,848 shares of the company’s stock worth $276,000 after buying an additional 1,350 shares in the last quarter. Citigroup Inc. boosted 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 worth $964,000 after buying an additional 3,125 shares in the last quarter. Keeley Asset Management Corp acquired a new position in Compass Diversified Holdings during the second quarter worth approximately $166,000. Finally, Citadel Advisors LLC acquired a new position in Compass Diversified Holdings during the second quarter worth approximately $178,000.
Compass Diversified Holdings Company Profile
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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