Compass Diversified Holdings (NYSE:CODI) – Equities researchers at Jefferies Financial Group decreased their Q2 2019 earnings per share estimates for Compass Diversified in a report released on Thursday, July 18th. Jefferies Financial Group analyst K. Joseph now anticipates that the financial services provider will earn $0.41 per share for the quarter, down from their prior forecast of $0.43. Jefferies Financial Group also issued estimates for Compass Diversified’s Q3 2019 earnings at $0.41 EPS, FY2019 earnings at $1.59 EPS, Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.56 EPS and FY2020 earnings at $1.80 EPS.
Separately, Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th.
Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Compass Diversified had a net margin of 6.11% and a return on equity of 7.63%. The business had revenue of $402.49 million during the quarter, compared to analyst estimates of $399.00 million.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 18th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 7.62%. The ex-dividend date is Wednesday, July 17th. Compass Diversified’s dividend payout ratio (DPR) is 100.00%.
In other Compass Diversified news, insider Elias Sabo bought 18,334 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average cost of $18.62 per share, with a total value of $341,379.08. Following the acquisition, the insider now owns 585,549 shares of the company’s stock, valued at $10,902,922.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in CODI. Raymond James & Associates increased its holdings in Compass Diversified by 2.0% in the 4th quarter. Raymond James & Associates now owns 76,241 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 1,528 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Compass Diversified by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 37,026 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 753 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Compass Diversified by 11.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 7,539 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 762 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Compass Diversified by 4.3% in the fourth quarter. Bank of America Corp DE now owns 537,862 shares of the financial services provider’s stock valued at $6,697,000 after purchasing an additional 21,957 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Compass Diversified by 19.8% in the fourth quarter. Legal & General Group Plc now owns 276,133 shares of the financial services provider’s stock valued at $3,436,000 after purchasing an additional 45,663 shares in the last quarter. Hedge funds and other institutional investors own 31.75% of the company’s stock.
Compass Diversified Company Profile
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.
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