Compass Diversified (NYSE:CODI) Declares $0.25 Quarterly Dividend

Compass Diversified (NYSE:CODI) declared a quarterly dividend on Thursday, October 3rd, Zacks reports. Shareholders of record on Thursday, October 17th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Thursday, October 17th.

Compass Diversified has decreased its dividend by an average of 11.5% per year over the last three years. Compass Diversified has a dividend payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Compass Diversified to earn $2.18 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 45.9%.

Compass Diversified Price Performance

Shares of NYSE CODI opened at $21.76 on Friday. The stock has a market cap of $1.64 billion, a P/E ratio of 128.00, a P/E/G ratio of 1.43 and a beta of 1.68. The firm’s 50-day simple moving average is $21.43 and its 200 day simple moving average is $22.24. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07. The company has a quick ratio of 1.65, a current ratio of 4.18 and a debt-to-equity ratio of 1.48.

Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.44 by $0.39. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. The firm had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $550.45 million. Equities analysts expect that Compass Diversified will post 1.9 EPS for the current year.

Insider Activity at Compass Diversified

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $23.02, for a total value of $1,604,056.62. Following the completion of the sale, the insider now directly owns 7,791,471 shares in the company, valued at $179,359,662.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of Compass Diversified stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $23.02, for a total transaction of $1,604,056.62. Following the transaction, the insider now directly owns 7,791,471 shares of the company’s stock, valued at $179,359,662.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick A. Maciariello purchased 5,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was acquired at an average cost of $21.87 per share, with a total value of $109,350.00. Following the completion of the acquisition, the insider now directly owns 228,518 shares in the company, valued at $4,997,688.66. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.76% of the company’s stock.

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.