CODI - Compass Diversified Holdings LLC
22.45 -0.04 (-0.18%)
After hours: 4:40PM EST
| Previous Close | 21.99 |
| Open | 22.03 |
| Bid | 22.49 x 1200 |
| Ask | 22.53 x 4000 |
| Day's Range | 21.99 - 22.54 |
| 52 Week Range | 11.60 - 22.96 |
| Volume | 119,980 |
| Avg. Volume | 174,087 |
| Market Cap | 1.347B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | 6.19 |
| EPS (TTM) | 3.63 |
| Earnings Date | Oct 30, 2019 |
| Forward Dividend & Yield | 1.44 (6.50%) |
| Ex-Dividend Date | 2019-10-16 |
| 1y Target Est | 22.00 |
- GlobeNewswire
Compass Diversified Holdings Announces Pricing of $100 Million Series C Cumulative Preferred Share Offering
The Company has granted the underwriters a 30-day over-allotment option to purchase up to an additional 600,000 Series C Cumulative Preferred Shares. Morgan Stanley, RBC Capital Markets and UBS Investment Bank are acting as joint book-running managers on the offering. J.P. Morgan, Janney Montgomery Scott and William Blair are acting as co-managers for the offering.
- Zacks
Top Ranked Income Stocks to Buy for November 13th
Top Ranked Income Stocks to Buy for November 13th
- MoneyShow
Compass Points you to Private Equity Strategy
Private equity investing is impractical for most individual investors; there are wealth and income barriers and negotiating individual private transactions requires expertise, notes Steve Mauzy, editor of Wyatt Investment Research.
- Thomson Reuters StreetEvents
Edited Transcript of CODI earnings conference call or presentation 30-Oct-19 9:00pm GMT
Q3 2019 Compass Diversified Holdings Earnings Call
- Zacks
Compass Diversified Holdings LLC (CODI) Shares March Higher, Can It Continue?
As of late, it has definitely been a great time to be an investor in Compass Diversified Holdings LLC (CODI).
- Zacks
Here's Why Momentum Investors Will Love Compass Diversified Holdings (CODI)
Does Compass Diversified Holdings (CODI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- Zacks
Compass Diversified Holdings (CODI) Upgraded to Buy: What Does It Mean for the Stock?
Compass Diversified Holdings (CODI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
- Barrons.com
A Private-Equity Stock Trade for Regular Investors
Compass is a holding company that operates like a private-equity firm. The stock’s outlook seems attractive, as does its 6.9% dividend yield.
- Kiplinger
Go Ahead, Reach for Yield
The best bets are in arcane areas such as commercial mortgage-backed securities, nonbank business lending and structured credit.
- GlobeNewswire
Compass Diversified Holdings Reports Third Quarter 2019 Financial Results
Generates Solid Revenue and Cash Flow, Exceeding Management’s Expectations Branded Consumer Segment Generates Strong Results, Highlighted by 5.11 Tactical’s Double-Digit.
- InvestorPlace
5 Excellent Dividend Stocks to Buy for the Holiday Season
[Editor's note: This article was previously published on Sept. 13, 2019. Due to changes in the market since then, parts of this article have been rewritten with new information.]The holidays represent great opportunities to take a good look at your portfolio and make sure that you are good to get through the holiday buzz and into the new year. And this season starts with Halloween -- also known as All Hallows Eve. Halloween is celebrated with all sorts of scary stuff that's just for fun. But the markets can bring a whole lot of genuinely scary troubles that you should avoid with the right stocks.After Halloween we come quickly up to Thanksgiving and hopefully to a great feast with family and friends. And again, it should be another good time to make sure that you have stocks that you will be thankful for now and in the months to follow.InvestorPlace - Stock Market News, Stock Advice & Trading TipsChristmas brings the annual cornucopia of gifts complete with all of the cash needed to make everyone on your list a happy recipient. And having the right stocks inside your portfolio can be a great aid to your budget.For all three of these holidays, safer, dividend-paying stocks can tick many of the right boxes for your portfolio. Dividend stocks tend to be more defensive during the scary times of the markets. And dividend stocks provide lots of cash flows to be thankful for at Thanksgiving.I have always had a core focus on dividend stocks and bonds for both income and safer growth over time. And in my Profitable Investing I have my all-weather model portfolios chock-full of recommendations.Here are some prime examples that you can put to work for the holidays and into 2020 right now. Dividend Stocks to Buy: W. P. Carey (WPC)I start with W. P. Carey (NYSE:WPC) which is a highly successful real estate investment trust with a diverse collection of properties across segments. But what they all have in common is the company's signature structure of sale and leaseback triple-net leases. This is where W. P. Carey typically acquires a property from a significant company -- or even government entity -- and in turn leases it back to the seller for long-term lease. In addition, the tenant pays for the taxes, insurance and general upkeep, hence the term triple-net.This structure has major benefits. To start, W. P. Carey gets established tenants for its leased properties. And longer-term leases set the company up with more dependable income. Because the tenants cover taxes, insurance and maintenance, W. P. Carey escapes a whole lot of uncertainty.Revenues are up for the trailing year by 4.4%. The return on funds from operations -- which measures the profitability of just running the properties -- is at a very healthy 12.8%.And the dividend is running at 4.5%. The actual distributions have been rising each and every quarter for years and years making the company one of the true dividend aristocrats.The stock has generated a return over the trailing five years of 86.3% for an average annual equivalent of 13.2% * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes And despite the quality of the company's assets and performance along with that rising dividend distribution, the stock is cheap compared to the general REIT market. The stock's price is valued at a mere 2.2 times book value which is significantly cheaper than the general market average of 2.7 times. This make WPC a cheap stock with great assets and a rising dividend. AT&T (T)Next is a very old and proven company, AT&T (NYSE:T). It offers a variety of services including streaming. And oh yes, it comes with a huge content warehouse and generator in Warner Brothers.The direct comparison stock is Verizon (NYSE:VZ) which is a good dividend stock. But AT&T is way, way cheaper. AT&T stock is at a mere 1.5 times book compared to Verizon's value of 4.3 times book.Revenue is rising with the trailing year up by 6.4% and while the company has a lot of components, overall operating margins are running at a fat 15.3%. That in in turn drives a nice return on equity running at 8.9%.It has built up debt in its acquisition of Time Warner -- but it is manageable at only 33.2% of assets.The stock has trailed Verizon until recently. Activist investor Paul Singer announced that he has amassed $3.2 billion of the company's stock. He wants AT&T to hone its focus and sell some of its superfluous operations. And the market likes what he's presenting. AT&T also likes the ideas and is now moving to divest some of its non-essential businesses, pay down some debt, buy back some shares, split the CEO and Board chair positions and add two board seats.Over the past five years, the stock has returned 46.3% for an average annual equivalent return of 7.9%. But year-to-date, the stock has returned 43%.The dividend is running with a yield of 5.3% and the distributions have been rising over the trailing five years by an average of 2.1% per year. These are all reasons why AT&T is a good dividend stock to buy now. AllianceBernstein (AB)Now I'll move to another industry and a stock that you might not recognize -- even if you invest in some of its well-run funds. AllianceBernstein (NYSE:AB) is a pass-through company in the asset management business. The key thing about asset managers is that it is all about the assets under management. They don't have to be exceptional in their investing -- just good enough to attract and keep assets on which they earn fees year in and year out.The company's assets under management figure has climbed by 25.8% over the trailing four years to a current $581 billion. That has resulted in revenue gains for the same period of 30.1%.This in turn is driving higher returns for shareholders with the return on equity running at 14.9%. But the real deal is that the shares trade at a discount to revenue by nearly 20% -- making the shares cheap. * 10 Stocks to Buy Regardless of Q3 Earnings The stock has been a good performer with the trailing five years generating a total return of 69% for average annual equivalent of 11.1%. Compass Diversified (CODI)Here is a stock from another company that perhaps you haven't had the fortune to know: Compass Diversified (NYSE:CODI). It's an investment holding company set up under the Investment Company Act of 1940. As such it operates without federal corporate income taxes, providing further cash for dividend payments to investors.CODI buys and owns a collection of well-branded industrial and consumer goods companies. You can think of it as a smaller and more nimble Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). And Compass Diversified in turn works with management teams to further develop business values. When appropriate, it will also sell off companies.Along the way, CODI collects ample cash flows from the operating companies and in turn pays a dividend currently yielding 7.1%.Revenues are firmly on the rise with the trailing year's sales gain of 33.2%. Margins are positive, helping to drive a return on shareholder equity of 39.3%. And the stock is very cheap as it is valued at a 30% discount to trailing sales -- which as noted are firmly on the rise.Compass Diversified continues to deliver. Over the past five years shares have generated a total return of 70.3% for an average annual equivalent return of 11.2%. TPG Specialty Lending (TSLX)Last up in my list of divided stocks for the holidays is TPG Specialty Lending (NYSE:TSLX). This company is one of the alternative financial companies capitalizing on the combination of less regulation and higher capital requirements imposed on U.S. banks.Revenues are up on a tear with the trailing year climbing by 24.2%. Its net interest margin is running at 10% and it keeps its efficiency ratio humming at a profitable 31.5% -- which means it costs 31.5 cents to earn each dollar of revenue.The company has generated a return of 100.2% over the trailing five years for an average annual equivalent of 14.9%. TSLX pays regular dividends quarterly, providing a yield of 7.4%. But it also regularly pays additional dividends from ongoing profits for a current annual yield of 8.3%.In addition, since it is set up under the Investment Company Act of 1940 and the Small Business Investment Incentives Act of 1980, it avoids federal income taxes. This leaves more cash to feed that dividend. So, the company is cheaply run with great margins and a great dividend stream. TSLX is a great value right now.For more of my dividend paying stocks, please take a look at my Profitable Investing which is celebrating 30 years of publication. Click here to learn more. In addition, I have recently had a book published titled Income for Life. For more information on it click here. It is nearly 400 pages of income-producing investment strategies for all-weather economic conditions as well as additional income-producing ideas that anyone can use successfully.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. Neil does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 5 Excellent Dividend Stocks to Buy for the Holiday Season appeared first on InvestorPlace.
- Insider Monkey
Here’s What Hedge Funds Think About Compass Diversified Holdings LLC (CODI)
Is Compass Diversified Holdings LLC (NYSE:CODI) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks […]
- Investopedia
Top Marijuana Stocks That Pay Dividends
When most people think of marijuana stocks, the last thing they think of is dividends. The legal marijuana industry is still very young, and new companies in growing industries need money to expand. Furthermore, U.S. investors in the marijuana space tend to currently focus on a handful of Canadian companies which have enjoyed the opportunity to list on U.S. exchanges.
- GlobeNewswire
Compass Diversified Holdings Announces Third Quarter 2019 Earnings and Conference Call Information
Compass Diversified Holdings (CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that it plans to release financial results for the third quarter ended September 30, 2019, on Wednesday, October 30, 2019, after the close of market trading. The Company has scheduled a conference call to discuss the results on Wednesday, October 30, 2019 at 5:00 p.m. ET. The conference call will feature remarks by Elias J. Sabo, Chief Executive Officer, Ryan J. Faulkingham, Chief Financial Officer, David Swanson, Partner of Compass Group Management LLC (“CGM”), and Pat Maciariello, Partner and Chief Operating Officer of CGM.
- Globenewswire Test
Compass Diversified Holdings Declares Third Quarter 2019 Distributions on Common and Series A and B Preferred Shares
WESTPORT, Conn., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution of $0.36 per share on the Company’s common shares (the “Common Shares”). The distribution for the three months ended September 30, 2019 is payable on October 24, 2019 to all holders of record of Common Shares as of October 17, 2019. The Board also declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A Preferred Shares covers the period from and including July 30, 2019, up to, but excluding, October 30, 2019. The distribution for such period is payable on October 30, 2019 to all holders of record of Series A Preferred Shares as of October 15, 2019.The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series B Preferred Shares (the “Series B Preferred Shares”). The distribution on the Series B Preferred Shares covers the period from and including July 30, 2019, up to, but excluding, October 30, 2019. The distribution for such period is payable on October 30, 2019 to all holders of record of Series B Preferred Shares as of October 15, 2019.About Compass Diversified Holdings (“CODI”) CODI owns and manages a diverse family of established North American middle market businesses. Each of its current subsidiaries is a leader in its niche market.CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long term cash flow generation and value. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and to make cash distributions to its shareholders.Our eight majority-owned subsidiaries are engaged in the following lines of business: * The design and marketing of purpose-built tactical apparel and gear serving a wide range of global customers (5.11); * The manufacture of quick-turn, small-run and production rigid printed circuit boards (Advanced Circuits); * The manufacture of engineered magnetic solutions for a wide range of specialty applications and end-markets (Arnold Magnetic Technologies); * The design and marketing of wearable baby carriers, strollers and related products (Ergobaby); * The design and manufacture of custom molded protective foam solutions and OE components (Foam Fabricators); * The design and manufacture of premium home and gun safes (Liberty Safe); * The manufacture and marketing of portable food warming fuels for the hospitality and consumer markets, flameless candles and house and garden lighting for the home decor market, and wickless candle products used for home decor and fragrance systems (The Sterno Group); and * The design, manufacture and marketing of airguns, archery products, optics and related accessories (Velocity Outdoor).This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI. Words such as "believes," "expects," "projects," and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2018 and other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.Compass Diversified Holdings Ryan J. Faulkingham Chief Financial Officer 203.221.1703 ryan@compassequity.comInvestor Relations and Media Contact: The IGB Group Leon Berman 212.477.8438 lberman@igbir.com
- Kiplinger
The Never-Ending Hunt for Yield
The prospects are good for corporate bonds, real estate investment trusts and utilities.
- GlobeNewswire
Compass Diversified Holdings Receives Deferred Consideration from Sale of Manitoba Harvest
Compass Diversified Holdings (CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that it has received the deferred consideration from the sale of its majority owned subsidiary, FHF Holdings Ltd. (“Manitoba Harvest”), to Tilray Inc. (“Tilray”) (TLRY), pursuant to an agreement it entered into on February 19, 2019. Manitoba Harvest shareholders, including CODI, received C$92.5 million, comprised of C$50 million in cash and C$42.5 million in Tilray shares. After the allocation of the sales price to non-controlling equity holders, CODI received approximately C$64 million at the deferred date comprised of cash and Tilray shares.
- Thomson Reuters StreetEvents
Edited Transcript of CODI earnings conference call or presentation 1-Aug-19 1:00pm GMT
Q2 2019 Compass Diversified Holdings Earnings Call
- Moody's
Compass Group Diversified Holdings LLC -- Moody's affirms Compass Group Diversified Holdings' CFR at B1; Speculative Grade Liquidity rating upgraded to SGL-1
Moody's Investors Service ("Moody's") affirmed Compass Group Diversified Holdings LLC's (NYSE: CODI or "Compass") ratings including the company's B1 Corporate Family Rating (CFR) and B1-PD Probability of Default Rating (PDR). Moody's also affirmed the Ba3 ratings on CODI's senior secured first lien credit facilities ($600 million 5-year revolving credit facility and $500 million principal 7-year term loan B), and the B3 rating on the company's $400 million senior unsecured notes. In addition, Moody's upgraded the company's Speculative Grade Liquidity (SGL) rating to SGL-1 from SGL-2.
Motley FoolCompass Diversified Holdings (CODI) Q2 2019 Earnings Call Transcript
CODI earnings call for the period ending June 30, 2019.
- InvestorPlace
5 Stocks to Buy and Hold Through Retirement
The ability to buy it and forget it is the nirvana of investing for retirement. After all, most individual investors don't have abundant amounts of time and skill to do the homework needed on an ongoing basis when it comes to investing for retirement.Source: Shutterstock But by the very nature that you're reading this, you have made the time and the effort to invest beyond just the general stock market.So, while I cannot just give you a list of "buy and forget" stocks, I will steer you towards a collection of stocks in specific industries and markets that have a good track record of delivering growth and income for many years.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Word On Income and the "Buy and Hold" MethodThe general advice from Wall Street is to just buy and own the S&P 500 Index through mutual funds or ETFs as stocks always go up over time. Most long-term investors don't care about dividends as much as growth. Their argument is that they don't need income, so why have a focus on it until they retire and start to withdraw payments from their accounts?Investors who think this way are missing the fact that dividend income is vital to building a better retirement portfolio. If not taken out, dividends pile up and can be reinvested to build up a portfolio. This brings a growth element to a portfolio when the general stock market is flat or slipping. And it also works to build up overall portfolio balances.Even my most favored stocks are not immune to changes in their businesses, markets or general economic changes. I suggest to my subscribers of Profitable Investing that they merely do a quick review of their own holdings once a month when statements are issued. The review should include a simple question of each holding: would you buy it again and why? If you can't easily answer yes and with a simple explanation of why - then it is time to sell and move on to something else.But now, on to my collection of longer-term buy and own stocks. 5 Stocks to Buy for the Longer HaulI have put together a collection of five stocks to buy that are in diverse markets and pay dividends that range from close to the average of the S&P 500 Index to many multiples more. They are in varied segments ranging from industrial and consumer products, technology, utilities, real estate investment trusts (REITs) and the energy market. And all of them are proven to well-serve their longer-term investors.First, Compass Diversified Holdings (NYSE:CODI) is a holding company that owns a collection of industrial and consumer products companies which it buys, owns, and sometimes sells. Along the way, the company collects lots of cashflows from its underlying companies. In turn, it pays a lion's share of the profits in the form of a big dividend, currently yielding 7.2%.Compass Diversified Holdings (CODI) Total Return Source BloombergCODI shares have delivered a total return since coming to the public market of 324.95% against the S&P 500 index's return of 200.49%Next is Hercules Capital (NYSE:HTGC). This is a Silicon Valley-headquartered company which seeks out new and developing technology companies in its area and beyond. It then works to finance their developments and takes equity participation. HTCG provides guidance in their development including eventual exit strategies through company sales and initial public offerings (IPOs). HTGC stock also pays a bigger dividend which currently yields 9.82%.And the company has delivered a return since coming to the market in 2005 of 292.69% against the return of the S&P 500 Index at 238.4%.Hercules Capital (HTGC) Total Return Source BloombergOn to the energy market in the reliable dividend-paying segment of oil and gas pipelines with Enterprise Product Partners (NYSE:EPD). Enterprise Products owns and operates a massive network of pipeline and related oil and gas infrastructure that is crucial to the growing petroleum industry in the U.S.Enterprise Product Partners (EPD) Total Return Source BloombergEPD generates an increasing amount of revenues and profits which in turn pays a portion in a dividend yielding 5.9%. Since coming to the market in 1998 the company has delivered a return to shareholders of 2,013.15% against the S&P 500 Index return of a mere 290.28%Next is one of the most impressive of U.S. power utility providers, NextEra Energy (NYSE:NEE). This company provides regulated power to customers in Florida. NEE also provides unregulated wind and solar-generated power throughout North America. This combination of reliable cashflows from its regulated business and growth from the unregulated wind and solar generates ample growth in the stock price along with a modest dividend yielding 2.4%.NextEra Energy (NEE) Total Return Source BloombergAnd since 1980 to date, NextEra Energy has delivered a total return with stock price growth and dividend income amounting to 22,218.67% compared to the general return of the S&P 500 Index at 6,797.30%. That's a whole new era of a return for a retirement account.Last up is a favorite REIT that owns and manages college campus facilities and dorms around the U.S. American Campus Communities (NYSE:ACC) is the leading publicly traded college dorm REIT in the U.S. ACC continues to be a very reliable source for dividend income and growth in the underlying property values. It yields 4.02% with a dividend payment that continues to rise by an average of 4.85% per year over the past five years.And since coming to the public market in 2004 to date, the company has delivered a return of 411.11% which compares well against the S&P 500 Index return for the same period of 276.29%.American Campus Communities (ACC) Total Return Source BloombergNow that I have presented my way to invest in the solid long-term focused stocks for growth and income, you might like to see more of my market research and recommendations for further safer growth and bigger reliable income. For more -- look at my Profitable Investing.In addition, if you find yourself in San Francisco on August 15 through 17 - please join me at the MoneyShow where I'll be presenting my economic and market analysis and my latest investment themes and recommendations.Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above, but they may be held in his model portfolios. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post 5 Stocks to Buy and Hold Through Retirement appeared first on InvestorPlace.
- GlobeNewswire
Compass Diversified Holdings Reports Second Quarter 2019 Financial Results
Generates Consolidated Operating Performance In-Line with Management Expectations and Sizeable Distributions to Shareholders Increases Total Realized Gains to Shareholders to.
- GlobeNewswire
Compass Diversified Holdings Announces Second Quarter 2019 Earnings and Conference Call Information
Compass Diversified Holdings (CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that it plans to release financial results for the second quarter ended June 30, 2019, on Wednesday, July 31, 2019, after the close of market trading. The Company has scheduled a conference call to discuss the results on Thursday, August 1, 2019 at 9:00 a.m. ET. The conference call will feature remarks by Elias J. Sabo, Chief Executive Officer, Ryan J. Faulkingham, Chief Financial Officer, David Swanson, Partner of Compass Group Management LLC (“CGM”), and Pat Maciariello, Partner and Chief Operating Officer of CGM.
