Compass Diversified -- Undervalued Preferred Stock Now Yields 9.7% [Seeking Alpha]
D/B/A Compass Diversified Holdings Shares of Beneficial Interest (CODI)
Last d/b/a compass diversified holdings shares of beneficial interest earnings: 4/30 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.compassequity.com
Company Research
Source: Seeking Alpha
Compass Diversified -- Undervalued Preferred Stock Now Yields 9.7%SummaryCODI is a publicly traded "private equity" firm that acquires and operates middle market businesses.The Company owns 10 portfolio companies that generate $279 million of proforma EBITDA.Recently issued preferred stock has tumbled in recent weeks, bringing yields to mid-9% levels which does not make sense based on fundamentals.The credit profile of the preferred stock is strong, with 2x asset coverage and 4.5x cash flow coverage of preferred dividends.The drop in price to $21, down from $25 par value, presents a good entry point for long term, buy-and-hold income investors.
Show less
Read more
Impact Snapshot
Event Time:
CODI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CODI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CODI alerts
High impacting D/B/A Compass Diversified Holdings Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
CODI
News
- Compass Diversified-Backed The Honey Pot Co. Strengthens Its Board With The Appointment of Three New Directors [Yahoo! Finance]Yahoo! Finance
- Compass Diversified-Backed The Honey Pot Co. Strengthens Its Board With The Appointment of Three New DirectorsGlobeNewswire
- Compass Diversified Announces First Quarter 2024 Earnings and Conference Call Information [Yahoo! Finance]Yahoo! Finance
- Compass Diversified Announces First Quarter 2024 Earnings and Conference Call InformationGlobeNewswire
- Compass Diversified Declares First Quarter 2024 Distributions on Common and Series A, B and C Preferred Shares [Yahoo! Finance]Yahoo! Finance
CODI
Earnings
- 2/28/24 - Miss
CODI
Sec Filings
- 4/12/24 - Form 8-K
- 4/12/24 - Form 424B7
- 4/10/24 - Form ARS
- CODI's page on the SEC website