Compass Diversified Holdings (NYSE:CODI) declared a quarterly dividend on Thursday, January 4th, NASDAQ reports. Stockholders of record on Thursday, January 18th will be paid a dividend of 0.36 per share by the financial services provider on Thursday, January 25th. This represents a $1.44 annualized dividend and a dividend yield of 8.23%. The ex-dividend date of this dividend is Wednesday, January 17th.

Compass Diversified has a dividend payout ratio of 92.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Compass Diversified to earn $1.70 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 84.7%.

Compass Diversified (NYSE:CODI) opened at $17.50 on Tuesday. The firm has a market capitalization of $1,048.25, a price-to-earnings ratio of -14.96 and a beta of 0.55. Compass Diversified has a 52-week low of $15.90 and a 52-week high of $18.35. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.41 and a quick ratio of 1.26.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.22). Compass Diversified had a negative net margin of 1.31% and a positive return on equity of 2.77%. analysts anticipate that Compass Diversified will post 1.56 EPS for the current year.

In other Compass Diversified news, insider James Bottiglieri acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of $16.63 per share, with a total value of $83,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Compass Diversified stock. State Street Corp grew its position in shares of Compass Diversified Holdings (NYSE:CODI) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,276 shares of the financial services provider’s stock after purchasing an additional 276 shares during the period. State Street Corp owned about 0.11% of Compass Diversified worth $1,157,000 at the end of the most recent reporting period. 33.43% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on CODI. Zacks Investment Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. BidaskClub raised Compass Diversified from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

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Compass Diversified 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.

Dividend History for Compass Diversified (NYSE:CODI)

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