CompX International Inc. (NYSE:CIX) Director Sells $57,160.00 in Stock

CompX International Inc. (NYSE:CIX) Director Mary A. Tidlund sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $28.58, for a total value of $57,160.00. Following the transaction, the director now directly owns 6,650 shares of the company’s stock, valued at $190,057. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CompX International Stock Up 5.5 %

CIX stock traded up $1.53 during midday trading on Wednesday, reaching $29.20. The stock had a trading volume of 27,399 shares, compared to its average volume of 13,302. CompX International Inc. has a twelve month low of $20.06 and a twelve month high of $39.91. The firm has a market cap of $359.74 million, a price-to-earnings ratio of 18.20 and a beta of 0.76. The business has a fifty day simple moving average of $29.11 and a two-hundred day simple moving average of $26.81.

CompX International Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 4.11%. CompX International’s payout ratio is 78.95%.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Nisa Investment Advisors LLC boosted its holdings in shares of CompX International Inc. (NYSE:CIX) by 118.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,310 shares of the company’s stock after buying 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 reporting period. 7.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered CompX International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

CompX International Company Profile

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.