B. Riley Analysts Increase Earnings Estimates for CODI

Compass Diversified (NYSE:CODI - Free Report) - Equities research analysts at B. Riley lifted their FY2024 earnings per share estimates for shares of Compass Diversified in a note issued to investors on Wednesday, December 4th. B. Riley analyst M. Howlett now expects that the financial services provider will post earnings of $1.96 per share for the year, up from their previous estimate of $1.89. The consensus estimate for Compass Diversified's current full-year earnings is $1.96 per share. B. Riley also issued estimates for Compass Diversified's Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.52 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.57 EPS and FY2025 earnings at $2.15 EPS.

Separately, TD Cowen started coverage on shares of Compass Diversified in a research report on Wednesday, November 27th. They set a "buy" rating and a $34.00 price target for the company.

Compass Diversified Price Performance

Shares of NYSE:CODI traded up $0.47 during midday trading on Monday, hitting $23.65. The company's stock had a trading volume of 227,738 shares, compared to its average volume of 204,988. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. The business's 50 day simple moving average is $22.18 and its 200 day simple moving average is $22.01. Compass Diversified has a 12-month low of $19.76 and a 12-month high of $25.07. The company has a market cap of $1.79 billion, a P/E ratio of 49.27, a price-to-earnings-growth ratio of 1.48 and a beta of 1.66.

Compass Diversified (NYSE:CODI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.10. The business had revenue of $582.62 million for the quarter, compared to analysts' expectations of $571.68 million. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The business's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS.

Compass Diversified Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. Compass Diversified's payout ratio is 208.33%.

Insider Activity at Compass Diversified

In other news, insider Patrick A. Maciariello acquired 5,000 shares of the stock in a transaction on Friday, September 20th. The stock was bought at an average price of $21.87 per share, with a total value of $109,350.00. Following the completion of the transaction, the insider now directly owns 228,518 shares of the company's stock, valued at $4,997,688.66. The trade was a 2.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the sale, the insider now directly owns 7,456,197 shares of the company's stock, valued at $171,865,340.85. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Essex Financial Services Inc. grew its stake in Compass Diversified by 45.0% during the 2nd quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider's stock valued at $23,966,000 after acquiring an additional 339,698 shares in the last quarter. FMR LLC increased its position in Compass Diversified by 115.0% in the 3rd quarter. FMR LLC now owns 283,777 shares of the financial services provider's stock worth $6,280,000 after buying an additional 151,783 shares during the period. Swedbank AB bought a new position in Compass Diversified in the 3rd quarter worth approximately $3,306,000. Allspring Global Investments Holdings LLC increased its position in shares of Compass Diversified by 3.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,257,759 shares of the financial services provider's stock valued at $94,224,000 after purchasing an additional 140,384 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Compass Diversified during the second quarter valued at approximately $2,283,000. 72.73% of the stock is owned by institutional investors and hedge funds.

About Compass Diversified

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.