5 Russell 2000 Basic Materials Dividend Stocks To Buy

3. Compass Minerals International, Inc. (NYSE: CMP)

Number of Hedge Fund Holders: 8
Dividend Yield: 4.3%

Compass Minerals International, Inc. (NYSE: CMP) produces essential minerals for sale primarily in the US, Canada, Brazil, the UK, and across the globe. The company ranks 3rd on our list of Russell 2000 basic materials dividend stocks and operates through its Salt, Plat Nutrition North America, and Plant Nutrition South America segments.

This July, CL King analyst David Silver upgraded shares of Compass Minerals International, Inc. (NYSE: CMP) from Neutral to Buy, holding on to his $75 price target on the stock at the same time.

In the second quarter of 2021, Compass Minerals International, Inc. (NYSE: CMP) had an EPS of -$0.49, missing estimates by $0.42. The company’s revenue of $199.4 million beat estimates by $8.17 million. Compass Minerals International, Inc. (NYSE: CMP) has gained 1.53% in the past 6 months and 10.59% year to date.

By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Compass Minerals International, Inc. (NYSE: CMP) worth roughly $10.6 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $51.7 million.

Bernzott Capital Advisors, an investment management firm, mentioned Compass Minerals International, Inc. (NYSE: CMP) in its fourth-quarter 2020 investor letter. Here’s what they said:

“Compass Minerals International (CMP): The stock gained 5%, normally not a bad outcome, but that stacks up poorly against many Materials stocks such as steel producers, which rebounded strongly after a couple of years of poor performance.”