News coverage about Compass Diversified Holdings (NYSE:CODI) has been trending positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Compass Diversified Holdings earned a news sentiment score of 0.35 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- $302.85 Million in Sales Expected for Compass Diversified Holdings (NYSE:CODI) This Quarter (americanbankingnews.com)
- Compass Diversified Holdings Sh (NYSE:CODI) Sees Unusual Trading Volume in Its Shares – First News 24 (firstnewspaper24.com)
- Analysts Anticipate Compass Diversified Holdings (CODI) Will Post Earnings of $0.37 Per Share (americanbankingnews.com)
- Compass Diversified Holdings (NYSE:CODI) Scheduled to Post Earnings on Tuesday (americanbankingnews.com)
Shares of Compass Diversified Holdings (NYSE CODI) opened at 17.40 on Friday. Compass Diversified Holdings has a one year low of $15.90 and a one year high of $19.50. The stock’s 50 day moving average price is $17.24 and its 200 day moving average price is $16.89. The company has a market cap of $1.04 billion, a PE ratio of 112.26 and a beta of 0.57.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 20th were paid a $0.36 dividend. The ex-dividend date was Tuesday, July 18th. This represents a $1.44 annualized dividend and a dividend yield of 8.28%. Compass Diversified Holdings’s payout ratio is 423.53%.
A number of analysts have weighed in on CODI shares. TheStreet upgraded Compass Diversified Holdings from a “c+” rating to a “b” rating in a research report on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research report on Thursday, June 8th. BidaskClub upgraded Compass Diversified Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded Compass Diversified Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Compass Diversified Holdings presently has a consensus rating of “Buy” and an average target price of $19.25.
In other Compass Diversified Holdings news, insider Ryan J. Faulkingham purchased 3,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were bought at an average price of $16.20 per share, for a total transaction of $48,600.00. Following the purchase, the insider now owns 3,900 shares in the company, valued at approximately $63,180. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alan B. Offenberg purchased 60,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was acquired at an average price of $16.84 per share, for a total transaction of $1,010,400.00. Following the purchase, the insider now owns 500,852 shares in the company, valued at approximately $8,434,347.68. The disclosure for this purchase can be found here. In the last quarter, insiders bought 96,000 shares of company stock worth $1,591,920. Corporate insiders own 2.40% of the company’s stock.
About Compass Diversified Holdings
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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