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Hot Stocks
Compass Diversified falls -11.4% » 09:47
05/05/20
05/05
09:47
05/05/20
09:47
CODI

Compass Diversified

$16.75 /

-2.02 (-10.76%)

Compass Diversified is…

Compass Diversified is down -11.4%, or -$2.16 to $16.77.

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CODI Compass Diversified
$16.75 /

-2.02 (-10.76%)

04/22/20 Jefferies
Compass Diversified resumed with a Buy at Jefferies
08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
  • 05
    May
Syndicate
Compass Diversified 5M share Spot Secondary priced at $17.60 » 20:22
05/04/20
05/04
20:22
05/04/20
20:22
CODI

Compass Diversified

$18.77 /

+0.62 (+3.42%)

The deal priced inside…

The deal priced inside the $17.50-$18.00 range. Morgan Stanley, BofA, UBS and RBC Capital are acting as joint book running managers for the offering.

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CODI Compass Diversified
$18.77 /

+0.62 (+3.42%)

04/22/20 Jefferies
Compass Diversified resumed with a Buy at Jefferies
08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
  • 05
    May
Syndicate
Compass Diversified 5M share Spot Secondary; price range $17.50-$18.00 » 16:21
05/04/20
05/04
16:21
05/04/20
16:21
CODI

Compass Diversified

$18.90 /

+0.75 (+4.13%)

Morgan Stanley, BofA, UBS…

Morgan Stanley, BofA, UBS and RBC Capital are acting as joint book running managers for the offering.

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CODI Compass Diversified
$18.90 /

+0.75 (+4.13%)

04/22/20 Jefferies
Compass Diversified resumed with a Buy at Jefferies
08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
Syndicate
Compass Diversified announces offering of 5M common shares » 16:03
05/04/20
05/04
16:03
05/04/20
16:03
CODI

Compass Diversified

$18.77 /

+0.62 (+3.42%)

Compass Diversified…

Compass Diversified Holdings announced that it has commenced a public offering of 5M common shares. 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.

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CODI Compass Diversified
$18.77 /

+0.62 (+3.42%)

04/22/20 Jefferies
Compass Diversified resumed with a Buy at Jefferies
08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
Over a month ago
Earnings
Compass Diversified Q2 total adjusted EBITDA decrease of 30%-50% » 16:32
04/30/20
04/30
16:32
04/30/20
16:32
CODI

Compass Diversified

$20.09 /

-0.72 (-3.46%)

In the short term, the…

In the short term, the company anticipates that COVID-19 will have a negative impact on its results of operations, financial condition and cash flows for Q2. The company estimates its Q2 total adjusted EBITDA will decrease approximately 30% to 50% as compared to the total adjusted EBITDA from the prior year Q2.

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CODI Compass Diversified
$20.09 /

-0.72 (-3.46%)

04/22/20 Jefferies
Compass Diversified resumed with a Buy at Jefferies
08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
Earnings
Compass Diversified withdraws FY20 adjusted EBITDA, payout ratio guidance » 16:31
04/30/20
04/30
16:31
04/30/20
16:31
CODI

Compass Diversified

$20.09 /

-0.72 (-3.46%)

In light of current…

In light of current economic uncertainty caused by COVID-19, the company has decided to withdraw FY20 adjusted EBITDA and payout ratio guidance until a clearer picture emerges for its businesses.

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CODI Compass Diversified
$20.09 /

-0.72 (-3.46%)

04/22/20 Jefferies
Compass Diversified resumed with a Buy at Jefferies
08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
Earnings
Compass Diversified reports Q1 EPS (26c), consensus 19c » 16:30
04/30/20
04/30
16:30
04/30/20
16:30
CODI

Compass Diversified

$20.09 /

-0.72 (-3.46%)

Reports Q1 revenue…

Reports Q1 revenue $333.4M, consensus $340.25M.

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CODI Compass Diversified
$20.09 /

-0.72 (-3.46%)

04/22/20 Jefferies
Compass Diversified resumed with a Buy at Jefferies
08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
Initiation
Compass Diversified resumed with a Buy at Jefferies » 08:06
04/22/20
04/22
08:06
04/22/20
08:06
CODI

Compass Diversified

$18.20 /

+0.28 (+1.56%)

Jefferies analyst Kyle…

Jefferies analyst Kyle Joseph resumed coverage of Compass Diversified following the closure of the Marucci Sports acquisition with a Buy rating and $22 price target. The company having "opportunistically" divested two companies, issued a preferred in November, and "substantially" enhanced its balance sheet in 2019 leaves Compass being positioned "uniquely" in the current "potentially attractive deal environment," contends Joseph.

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CODI Compass Diversified
$18.20 /

+0.28 (+1.56%)

08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
Hot Stocks
Compass Diversified authorized the regularly scheduled distributions » 16:20
04/02/20
04/02
16:20
04/02/20
16:20
CODI

Compass Diversified

$12.99 /

+0.23 (+1.80%)

Compass Diversified…

Compass Diversified Holdings issued a letter to its shareholders providing a business update amid the novel coronavirus, COVID-19 pandemic. "Dear Fellow Shareholders, In this truly unprecedented time, we hope this letter finds you and your families safe and healthy. .. Today our Board of Directors authorized the regularly scheduled distributions on the Series A Preferred Shares, Series B Preferred Shares, Series C Preferred Shares, and our Common Shares. This marks the 37th consecutive quarter that we have paid our Common Stock distribution at a rate of $1.44 per share annualized...We currently have significant levels of capital available, and our net leverage remains at only 1.5 times. Last year, we further strengthened our balance sheet through the divestiture of two subsidiaries and the issuance of our 7.875% Series C Preferred Shares, taking steps to defensively position the company..We currently have significant levels of capital available, and our net leverage remains at only 1.5 times. Last year, we further strengthened our balance sheet through the divestiture of two subsidiaries and the issuance of our 7.875% Series C Preferred Shares, taking steps to defensively position the company. "

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CODI Compass Diversified
$12.99 /

+0.23 (+1.80%)

08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital
Hot Stocks
Compass Diversified to acquire Marucci Sports for $200M » 09:02
03/09/20
03/09
09:02
03/09/20
09:02
CODI

Compass Diversified

$17.92 /

-0.45 (-2.45%)

Compass Diversified…

Compass Diversified announced that it has entered into a definitive agreement to acquire Baton Rouge, Louisiana-based Marucci Sports for a purchase price of $200M. In 2009, Marucci Sports was founded by two former professional baseball players and an assistant White House Press Secretary. Over the past decade, hundreds of Big League players have chosen Marucci products, making Marucci one of the most popular bats in baseball. 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. The Company achieved approximately $14M - $15M of adjusted EBITDA for the trailing twelve month period ending December 31, 2019. Marucci Bat Company, which was launched in a backyard shed in 2004 with the goal of becoming the Number One Bat in the Big Leagues, was Marucci Sports' first acquisition. Marucci Sports has 230 employees across its brands. In 2017, Marucci acquired Victus, a King of Prussia, Pennsylvania-based baseball equipment manufacturer and distributor, widely recognized for their "edgy designs" and "big attitude." With vertically integrated wood bat manufacturing capabilities, an extensive global supplier group, and client base that includes Home Run Derby participants, MVPs and World Series winners, Marucci and Victus have become two of the leading brands in the market. Following the close of the transaction, Marucci will continue to be led by Kurt Ainsworth and its current leadership team. The Company will remain headquartered in Baton Rouge. Under the terms of the agreement, CODI will acquire a substantial tax asset associated with the structuring of the transaction. The acquisition is expected to close within the next 45 days, subject to customary closing conditions. Additional information on the acquisition will be available in CODI's current report on Form 8-K that will be filed with the Securities and Exchange Commission.

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CODI Compass Diversified
$17.92 /

-0.45 (-2.45%)

08/02/19 Raymond James
Compass Diversified downgraded to Market Perform on valuation at Raymond James
08/01/19 Raymond James
Compass Diversified downgraded to Market Perform at Raymond James
07/29/19 Roth Capital
Compass Diversified initiated with a Buy at Roth Capital

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