Compass Diversified Plans Quarterly Dividend of $0.25 (NYSE:CODI)

Compass Diversified (NYSE:CODI - Get Free Report) declared a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Thursday, January 16th will be given a dividend of 0.25 per share by the financial services provider on Thursday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Thursday, January 16th.

Compass Diversified has decreased its dividend payment by an average of 11.5% per year over the last three years. Compass Diversified has a payout ratio of 40.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Compass Diversified to earn $2.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 45.7%.

Compass Diversified Price Performance

Shares of NYSE:CODI traded down $0.57 during trading hours on Tuesday, hitting $21.91. 206,187 shares of the company's stock traded hands, compared to its average volume of 163,922. 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 company's fifty day simple moving average is $23.00 and its two-hundred day simple moving average is $22.15. Compass Diversified has a 52 week low of $19.76 and a 52 week high of $25.07. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 45.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.65.

Compass Diversified (NYSE:CODI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.10. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The firm had revenue of $582.62 million for the quarter, compared to analyst estimates of $571.68 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts anticipate that Compass Diversified will post 1.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following the transaction, the insider now owns 7,456,197 shares in the company, valued at $171,865,340.85. This represents a 1.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

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

Compass Diversified Company Profile

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.