Wolverine Asset Management LLC Purchases 1,482 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Wolverine Asset Management LLC raised its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,940 shares of the basic materials company’s stock after purchasing an additional 1,482 shares during the period. Wolverine Asset Management LLC owned about 0.16% of Compass Minerals International worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CMP. Triune Financial Partners LLC bought a new position in Compass Minerals International during the 3rd quarter worth about $123,000. Nisa Investment Advisors LLC raised its stake in Compass Minerals International by 247.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after buying an additional 2,928 shares in the last quarter. Ballentine Partners LLC bought a new stake in Compass Minerals International during the 3rd quarter valued at $250,000. Signaturefd LLC increased its holdings in shares of Compass Minerals International by 629.4% in the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 2,077 shares during the period. Finally, Jade Capital Advisors LLC lifted its stake in shares of Compass Minerals International by 396.6% during the 3rd quarter. Jade Capital Advisors LLC now owns 56,346 shares of the basic materials company’s stock worth $677,000 after purchasing an additional 45,000 shares during the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Price Performance

Shares of CMP stock opened at $12.53 on Wednesday. Compass Minerals International, Inc. has a fifty-two week low of $7.51 and a fifty-two week high of $27.25. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. The firm has a market capitalization of $519.37 million, a price-to-earnings ratio of -3.06 and a beta of 1.10. The stock’s 50-day simple moving average is $11.77 and its 200-day simple moving average is $11.65.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.34). The company had revenue of $202.90 million for the quarter, compared to analyst estimates of $201.86 million. Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.79%. As a group, equities analysts forecast that Compass Minerals International, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on CMP. StockNews.com upgraded Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. BMO Capital Markets reissued a “market perform” rating and set a $20.00 target price on shares of Compass Minerals International in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.00.

Compass Minerals International Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.