CODI - Compass Diversified Holdings LLC
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 17.29 |
| Open | 17.60 |
| Bid | 18.02 x 1100 |
| Ask | 18.04 x 800 |
| Day's Range | 17.47 - 18.25 |
| 52 Week Range | 10.78 - 26.37 |
| Volume | 879,316 |
| Avg. Volume | 498,793 |
| Market Cap | 1.192B |
| Beta (5Y Monthly) | 1.78 |
| PE Ratio (TTM) | 10.89 |
| EPS (TTM) | 1.67 |
| Earnings Date | Jul 29, 2020 - Aug 03, 2020 |
| Forward Dividend & Yield | 1.44 (8.33%) |
| Ex-Dividend Date | Apr 15, 2020 |
| 1y Target Est | 20.67 |
Fair Value
Related Research
- Insider Monkey
Is Compass Diversified Holdings LLC (CODI) A Good Stock To Buy?
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
- Investopedia
Top Marijuana Stocks That Pay Dividends
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- PR Newswire
Sterno Home Files Patent Infringement Lawsuit Against L&L Candle Company
Sterno Home Inc. ("Sterno Home"), a worldwide leading innovator in flameless candles, today announced that it has filed a multi-claim, multi-count, patent infringement lawsuit in the U.S. District Court for the Central District of California against L&L; Candle Company, LLC ("L&L;"). Specifically, L&L; (and related entities) make, import, distribute and sell a wide range of flameless candles that violate six (6) Sterno Home patents. Sterno Home seeks money damages and an injunction to stop L&L;'s infringement. The infringing products are L&L;'s "Moving Flame," "Matrix," "Wick to Flame" and "Push Flame" flameless candles sold under the LIGHTLi, Luminara, and Matchless Candle brands.
- Thomson Reuters StreetEvents
Edited Transcript of CODI earnings conference call or presentation 30-Apr-20 9:00pm GMT
Q1 2020 Compass Diversified Holdings Earnings Call
- GlobeNewswire
CODI Completes Strategic Capital Raise and Adds $290 Million in Gross Proceeds
Compass Diversified Holdings (CODI) (the “Trust”) and Compass Group Diversified Holdings, LLC (the “Company” and, together with the Trust, “CODI”), an owner of leading middle market businesses, raised $290 million in gross proceeds from its previously announced capital markets activity, consisting of approximately $88 million from the issuance of new common equity and $202 million from its senior unsecured notes offering, before deducting underwriting discounts and commissions and other offering expenses. CODI used the net proceeds from the common share offering and the sale of the 8.000% senior unsecured notes due 2026 (the “Additional Notes”) to repay the $200 million outstanding balance on the Company’s existing revolving credit facility, and the remaining $90 million of cash provides the Company with additional liquidity, which can be used opportunistically to pursue future acquisitions and for general corporate purposes.
- Motley Fool
Why Compass Diversified Holdings Stock Dropped 11% Today
Shares of Compass Diversified Holdings (NYSE: CODI) plummeted today -- down 10.9% as of 1:05 p.m. EDT -- after the private equity firm announced a series of fundraising measures that apparently spooked investors. As is usual in such offerings, Compass is giving its offering's underwriters the opportunity to buy an additional 750,000 shares. Separately, this morning Compass announced plans to offer $200 million worth of "senior unsecured notes due 2026" (that is, Compass is taking on more debt).
- GlobeNewswire
Compass Diversified Holdings Announces Pricing of a Private Add-on Offering of $200 Million of 8.000% Senior Unsecured Notes Due 2026
The Additional Notes will be the Company’s senior unsecured obligations and will not be guaranteed by any of the Company’s subsidiaries. The Company intends to use the net proceeds from the sale of the Additional Notes and the Trust’s recently announced common share offering to repay the outstanding balance on the Company’s existing revolving credit facility, with the remainder of the net proceeds from this offering to be used to provide the Company with liquidity to allow it to opportunistically pursue future acquisitions and for general corporate purposes.
- Moody's
Compass Group Diversified Holdings LLC -- Moody's affirms Compass' Ba3 CFR; upgrades secured revolver to Ba1 and senior unsecured notes to B1
Moody's Investors Service, ("Moody's") affirmed Compass Group Diversified Holdings LLC's (Compass) Corporate Family Rating (CFR) at Ba3 and Probability of Default Rating (PDR) at Ba3-PD. Concurrently, Moody's upgraded the senior secured revolving credit facility due 2023 rating to Ba1 from Ba2, the senior unsecured notes due 2026 rating to B1 from B2, and assigned a B1 rating to the proposed $200 million add-on senior unsecured notes due 2026.
- GlobeNewswire
Compass Diversified Holdings Announces Proposed Private Add-on Offering of $200 Million of 8.000% Senior Unsecured Notes Due 2026
The Additional Notes will be issued under the indenture dated as of April 18, 2018 (the “Indenture”), between the Company and U.S. Bank National Association, as Trustee. The Company previously issued 8.000% Senior Notes due 2026 in the aggregate principal amount of $400 million under the Indenture (the “Existing Notes” and, together with the Additional Notes, the “Notes”).
- GlobeNewswire
Compass Diversified Holdings Announces Pricing of $88 Million Common Share Offering
Compass Diversified Holdings (CODI) (the “Trust”) and Compass Group Diversified Holdings LLC (the "Company" and together with the trust, "CODI"), announced today that CODI has priced a public offering of 5,000,000 common shares of the Trust at a price to the public of $17.60 per share, for gross proceeds to CODI of $88 million. Morgan Stanley, BofA Securities, UBS Investment Bank and RBC Capital Markets are acting as joint book-running managers for this offering with Janney Montgomery Scott, Raymond James, William Blair, CJS Securities and Roth Capital Partners acting as co-managers.
- GlobeNewswire
Compass Diversified Holdings Announces Common Share Offering
Net proceeds from the offering will be used to repay a portion of the outstanding balance of the Company’s revolving credit facility. Morgan Stanley, BofA Securities, UBS Investment Bank and RBC Capital Markets are acting as joint book-running managers for this offering. A copy of the preliminary prospectus supplement relating to the offering may be obtained from the following addresses: Morgan Stanley, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com; UBS Investment Bank, 1285 Avenue of the Americas, New York, New York 10019, Attn: Prospectus Department, Telephone: (888) 827-7275, Email: ol-prospectusrequest@ubs.com; or RBC Capital Markets, 200 Vesey Street, 8th Floor, New York, New York 10281, Attn: Equity Syndicate, Telephone: (877) 822-4089, Email: equityprospectus@rbccm.com.
- Motley Fool
Compass Diversified Holdings (CODI) Q1 2020 Earnings Call Transcript
CODI earnings call for the period ending March 31, 2020.
- GlobeNewswire
Compass Diversified Holdings Reports First Quarter 2020 Financial Results
Achieves Solid First Quarter Operating Results Generates Strong Cash Flow Provided by Operations and Increase in CAD from Prior Year, Exceeding Management’s Expectations.
- GlobeNewswire
Compass Diversified Holdings Completes Acquisition of Baseball Equipment Company Marucci Sports
In 2009, Marucci Sports was founded by a team including two former professional baseball players. Over the past decade, hundreds of Big League players have chosen Marucci products, making Marucci one of the most popular bats in baseball.
- Barrons.com
A Small-Cap Stock That’s Ready to Pounce
Compass Diversified Holdings operates like a middle-market private-equity firm. It’s in a position to emerge from the coronavirus recession stronger than it entered it.
- InvestorPlace
5 Ideal Dividend Stocks for New Investors
It is never too early or too late, and no one is too young to begin investing. I know this, as I began to learn as a small child. I started by learning the basics of how companies issue stock, and how stocks are then bought and sold on the exchanges. And my learning commenced with building a model portfolio that I would paper trade. Each day I would check the stock prices -- which way back when were listed in the daily newspapers.I would go on to open a small brokerage account and work with my own money -- all supporting my learning experience. Of course, I would gain and lose along the way.Back then, commissions were a lot steeper than the discounted -- and even free -- rates of today. So, my choices were more about what to buy and own. I had to have a high level of confidence to overcome the costs of buying and selling, which meant I had more "buy and own" in my portfolio.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI would later learn and appreciate the power of dividends, which bolstered my portfolio as they were credited to my account. And this appreciation has continued through to today. I remain firmly in favor of focusing on stocks that pay you well through good and rising dividend distributions. Why Dividends MatterThis is an important lesson. Dividends continue to be one of the biggest sources of overall total return in the stock market. Take for example the performance of the S&P 500 over the trailing 20 years.The index gained in price by 104%, but with dividends the return swells to 201.4% which is nearly double the price movement alone.Source: Chart from Bloomberg S&P 500 Total Return That's a big premium over just investing for price growth. And those dividends worked to cushion returns during bear markets over those same 20 years. * 9 Asian Stocks to Buy for a Post-Coronavirus Recovery For beginner investors, it's not just about dividends. Investing should also contribute to learning more about the underlying companies behind the stocks. by investing in the right dividend stocks that are in distinct industries and markets, beginner investors will learn more about how business works. * Compass Diversified Holdings (NYSE:CODI) * Hercules Capital (NYSE:HTGC) * Kinder Morgan (NYSE:KMI) * NextEra Energy (NYSE:NEE) * Easterly Government Properties (NYSE:DEA)I've put together a small collection of five stocks that pay dividends that range from close to the average of the S&P 500 to many multiples more. And they are in varied segments ranging from industrial and consumer products, technology, utilities, real estate investment trusts (REITs) and the energy market. Dividend Stocks: Compass Diversified Holdings (CODI)Source: Chart from Bloomberg Compass Diversified Holdings Total ReturnDividend Yield: 9.5%I start with Compass Diversified Holdings. This is a holding company which owns a collection of industrial and consumer products companies which it buys, owns and sometimes sells. And along the way, the company collects lots of cash flows from its underlying companies.In turn, it pays a lion's share of the profits in the form of a big dividend. It currently yields 9.5%.And yes, the stock did selloff in March with the dash for cash. But still -- over the trailing five years with that ample dividend it has returned 34.4% for an average annual equivalent return of 6.1%. Hercules Capital (HTGC)Source: Chart from Bloomberg Hercules Capital Total ReturnDividend Yield: 14.2%Next is Hercules Capital. This is a Silicon Valley-headquartered firm which seeks out new and developing technology companies in its neighborhood and beyond. It works to finance their developments and takes equity participation. Then, Hercules provides guidance in their development, including eventual exit strategies through company sales and initial public offerings (IPOs). It too pays a bigger dividend which currently yields 14.2%.Hercules is viewed as a financial business lender, not an equity investor. But it's involved in promising tech companies, including those in biotech, giving it a particular value. * 9 Robust Stocks to Buy to Survive a Bear Market And despite the fall in price in March, it is still positive in return including that dividend income. Kinder Morgan (KMI)Source: Chart from Bloomberg Kinder Morgan Total ReturnDividend Yield: 7%Then, we move on to the energy market in the reliable dividend-paying segment of oil and gas pipelines. My pick here is Kinder Morgan. Kinder Morgan owns and operates a massive network of pipeline and related oil and gas infrastructure that is crucial to the petroleum industry in the U.S.And while oil prices have plunged with skirmishes between OPEC and its allies, petroleum isn't going away. It's a must-have for the U.S. and global economies. It generates an increasing amount of revenues and profits which in turn it pays a portion of in a dividend yielding 7%.Kinder Morgan's stock got sold off with the general S&P 500 in March, which makes it a particular bargain right now. You can buy the stock right now at a 5% discount to its intrinsic value (book value) which would be very difficult to replicate in its vast pipeline network. NextEra Energy (NEE)Source: Chart from Bloomberg NextEra Energy Total ReturnDividend Yield: 2.4%Next is one of the most impressive of U.S. power utility provides -- NextEra Energy. This company provides regulated power to customers in Florida. And it also provides unregulated wind and solar-generated power throughout North America and beyond.This combination of reliable cash flows from its regulated business and growth from the unregulated business has been generating ample gains in the stock price along with a modest dividend yielding 2.4%. * 7 Bank Stocks to Watch as Earnings Season Heats Up The total return of this defensive utility is impressive over the past five years, running at 159.9% for an average annual equivalent return of 21%. Easterly Government Properties (DEA)Source: Chart from Bloomberg Easterly Government Properties Total ReturnDividend Yield: 3.9%Last up is a favorite REIT that is perhaps the most defensive property landlord in the U.S. market. Easterly Government Properties leases properties to the U.S. government.And while other tenants of REITs are indeed in jeopardy with the current economic lockdowns, the U.S. Department of Treasury will keep cutting rent checks to Easterly. This ensures that the dividends will be paid. And yielding 3.9%, the stock is a good payer in the current market.Easterly is a good and reliable dividend payer. But it has also generated steady gains over the past five years alone with a total return of 109.9% for an average annual equivalent return running at 16%. And it is a good value. The stock is only valued at 1.9 times its underlying book value of all of those dependable government-leased properties.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 * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 5 Ideal Dividend Stocks for New Investors appeared first on InvestorPlace.
- GlobeNewswire
Compass Diversified Holdings Announces First Quarter 2020 Earnings and Conference Call Information
The Company has scheduled a conference call to discuss the results on Thursday, April 30, 2020 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
Compass Diversified Holdings Declares First Quarter 2020 Distributions on Common and Series A, B and C Preferred Shares
Compass Diversified Holdings (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 March 31, 2020 is payable on April 23, 2020 to all holders of record of Common Shares as of April 16, 2020. 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”).
- GlobeNewswire
Compass Diversified Holdings Issues Shareholder Letter
Compass Diversified Holdings (CODI) (“CODI” or the Company”), an owner of leading middle market businesses, today issued a letter to its shareholders providing a business update amid the novel coronavirus (“COVID-19”) pandemic. Like so many of you, we have been closely monitoring developments related to the spread of the novel coronavirus (“COVID-19”). While pandemic-fueled volatility has sent financial markets on wild swings, we are carefully monitoring how businesses, governments and health organizations around the world take measures that would have seemed unimaginable just months ago to contain the virus and keep our communities safe.
- GlobeNewswire
Compass Diversified Holdings to Acquire Baseball Equipment Company Marucci Sports
Compass Diversified Holdings (CODI), an owner of leading middle market businesses, today announced that it has entered into a definitive agreement to acquire Baton Rouge, Louisiana-based Marucci Sports, LLC (“Marucci” or the “Company”), the fastest growing baseball and softball brand, for a purchase price of $200 million (excluding working capital and certain other adjustments upon closing). In 2009, Marucci Sports was founded by two former professional baseball players and an assistant White House Press Secretary. While continuing to increase market share in wood bats, Marucci has built on its devoted brand following by expanding the product portfolio to include a full suite of baseball equipment and apparel.
- Thomson Reuters StreetEvents
Edited Transcript of CODI earnings conference call or presentation 26-Feb-20 10:00pm GMT
Q4 2019 Compass Diversified Holdings Earnings Call
- GlobeNewswire
Compass Diversified Holdings Reports Fourth Quarter and Full Year 2019 Financial Results
Generates Solid Fourth Quarter Operating Results, Exceeding Management Expectations Achieves Strong Fourth Quarter Cash Flow from Operating Activities and Highest Full.
- GlobeNewswire
Compass Diversified Holdings Provides Shareholders with 2019 Tax Information
On February 24th, the Company will commence mailing shareholders their individual Investor Tax Reporting packages, which contain instructions and a schedule summarizing their allocated share of the Trust’s reportable tax items for the year ended December 31, 2019. Shareholders should check their 2019 tax statements received from Broadridge or from their brokerage firm in order to ensure that the trustee tax information reported for the company conforms to the information reported.
- GlobeNewswire
Compass Diversified Holdings Announces Fourth Quarter 2019 Earnings and Conference Call Information
The Company has scheduled a conference call to discuss the results on Wednesday, February, 26 2020 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.
