Compass Diversified Holdings (CODI) Forecasted to Post Q1 2019 Earnings of $0.27 Per Share

Compass Diversified Holdings (NYSE:CODI) – Jefferies Financial Group lowered their Q1 2019 EPS estimates for Compass Diversified in a note issued to investors on Wednesday, January 16th. Jefferies Financial Group analyst K. Joseph now anticipates that the financial services provider will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.28.

CODI has been the topic of a number of other reports. Zacks Investment Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, December 31st. TheStreet lowered Compass Diversified from a “b-” rating to a “c+” rating in a report on Friday, November 9th.

Shares of NYSE CODI opened at $14.32 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Compass Diversified has a one year low of $11.60 and a one year high of $18.35. The firm has a market capitalization of $860.16 million, a price-to-earnings ratio of 21.12 and a beta of 0.77.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, October 31st. The financial services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.18). Compass Diversified had a return on equity of 3.09% and a net margin of 2.99%. The business had revenue of $448.70 million for the quarter, compared to analyst estimates of $414.17 million.

Several large investors have recently added to or reduced their stakes in CODI. Kendall Capital Management lifted its position in shares of Compass Diversified by 52.9% during the 3rd quarter. Kendall Capital Management now owns 20,600 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 7,125 shares during the period. Private Advisor Group LLC lifted its position in shares of Compass Diversified by 117.9% during the 3rd quarter. Private Advisor Group LLC now owns 24,605 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 13,315 shares during the period. Wellington Shields Capital Management LLC lifted its position in shares of Compass Diversified by 80.3% during the 3rd quarter. Wellington Shields Capital Management LLC now owns 27,040 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 12,040 shares during the period. D.A. Davidson & CO. lifted its position in shares of Compass Diversified by 9.7% during the 3rd quarter. D.A. Davidson & CO. now owns 36,121 shares of the financial services provider’s stock valued at $656,000 after acquiring an additional 3,208 shares during the period. Finally, Carnegie Capital Asset Management LLC bought a new stake in shares of Compass Diversified during the 3rd quarter valued at $746,000. Hedge funds and other institutional investors own 34.40% of the company’s stock.

In related news, major shareholder Anholt Investments Ltd. bought 5,726 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was purchased at an average cost of $18.94 per share, for a total transaction of $108,450.44. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Bottiglieri bought 2,500 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were bought at an average price of $15.18 per share, with a total value of $37,950.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 159,905 shares of company stock worth $2,417,645. Insiders own 3.40% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Thursday, January 17th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 10.06%. The ex-dividend date of this dividend is Wednesday, January 16th.

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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