Somewhat Favorable News Coverage Somewhat Unlikely to Impact Compass Diversified Holdings (CODI) Stock Price
Press coverage about Compass Diversified Holdings (NYSE:CODI) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Compass Diversified Holdings earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.2851868707661 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- See what the IHS Markit Score report has to say about Compass Diversified Holdings. (finance.yahoo.com)
- Compass Diversified Holdings’ First Preferred Stock (seekingalpha.com)
- Compass Diversified Holdings (NYSE:CODI) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
- ValuEngine Lowers Compass Diversified Holdings (CODI) to Sell (americanbankingnews.com)
Shares of Compass Diversified Holdings (NYSE CODI) opened at 17.25 on Friday. Compass Diversified Holdings has a 52 week low of $15.90 and a 52 week high of $19.50. The stock’s market cap is $1.03 billion. The stock has a 50 day moving average of $17.37 and a 200 day moving average of $16.86.
Compass Diversified Holdings (NYSE:CODI) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.90. The firm had revenue of $307.38 million for the quarter, compared to analyst estimates of $302.86 million. Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The company’s revenue was up 43.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. On average, analysts expect that Compass Diversified Holdings will post $1.59 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 20th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $1.44 annualized dividend and a dividend yield of 8.35%. Compass Diversified Holdings’s payout ratio is -276.92%.
Several equities analysts have commented on the stock. BidaskClub lowered shares of Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a research note on Thursday, June 8th. TheStreet raised shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. Finally, ValuEngine downgraded shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.25.
In other news, insider Alan B. Offenberg purchased 60,000 shares of the stock in a transaction dated Thursday, June 22nd. The shares were purchased at an average price of $16.84 per share, with a total value of $1,010,400.00. Following the transaction, the insider now owns 500,852 shares in the company, valued at approximately $8,434,347.68. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James Bottiglieri purchased 3,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $16.24 per share, for a total transaction of $48,720.00. Following the transaction, the insider now owns 45,462 shares in the company, valued at approximately $738,302.88. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.
Compass Diversified Holdings Company Profile
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.
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