CompX International (NYSE:CIX) Stock Price Down 1.1% – Time to Sell?

CompX International Inc. (NYSE:CIX)’s share price traded down 1.1% during mid-day 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.

Analyst Ratings Changes

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

CompX International Stock Performance

The firm’s fifty day moving average is $28.22 and its 200-day moving average is $27.55. The company has a market capitalization of $295.78 million, a P/E ratio of 15.80 and a beta of 0.76.

CompX International Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 29th were given a dividend of $0.30 per share. 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 is presently 78.95%.

Insider Buying and Selling

In other news, Director Mary A. Tidlund sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $29.02, for a total value of $29,020.00. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $163,963. The trade was a 15.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets raised its holdings in shares of CompX International Inc. (NYSE:CIX) by 243.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,987 shares of the company’s stock after purchasing an additional 1,408 shares during the quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $58,000 as of its most recent SEC filing. 7.50% of the stock is currently owned by hedge funds and other institutional investors.

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.