CompX International (NYSE:CIX) Shares Down 1.1% – What’s Next?

CompX International Inc. (NYSE:CIX) fell 1.1% during trading on Friday . The stock traded as low as $23.83 and last traded at $24.01. 4,549 shares changed hands during trading, a decline of 56% from the average session volume of 10,241 shares. The stock had previously closed at $24.27.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CompX International from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 5th.

CompX International Trading Down 1.1 %

The firm has a market cap of $295.78 million, a PE ratio of 15.80 and a beta of 0.76. The firm has a fifty day moving average price of $28.22 and a 200 day moving average price of $27.58.

CompX International Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.20 annualized dividend and a yield of 5.00%. CompX International’s dividend payout ratio (DPR) is currently 78.95%.

Insider Activity at CompX International

In other CompX International news, Director Mary A. Tidlund sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $29.02, for a total transaction of $29,020.00. Following the sale, the director now directly owns 5,650 shares in the company, valued at $163,963. This represents a 15.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by insiders.

Institutional Trading of CompX International

A hedge fund recently raised its stake in CompX International stock. Nisa Investment Advisors LLC lifted its stake in shares of CompX International Inc. (NYSE:CIX) by 118.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,310 shares of the company’s stock after purchasing an additional 710 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CompX International were worth $38,000 at the end of the most recent quarter. 7.50% of the stock is owned by institutional investors.

About CompX International

CompX International Inc manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines.