CompX International (NYSE:CIX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of CompX International (NYSE:CIX) in a research note released on Friday morning. The firm issued a hold rating on the stock.

CompX International Stock Up 4.6 %

CIX opened at $25.90 on Friday. The stock’s 50 day moving average price is $22.74 and its two-hundred day moving average price is $26.05. The firm has a market capitalization of $319.06 million, a P/E ratio of 17.04 and a beta of 0.94. CompX International has a 12-month low of $17.89 and a 12-month high of $36.10.

CompX International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 17th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.63%. The ex-dividend date was Monday, March 17th. CompX International’s payout ratio is currently 88.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of CompX International by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock valued at $892,000 after buying an additional 438 shares during the period. BNP Paribas Financial Markets increased its position in shares of CompX International by 243.2% during the third quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company’s stock valued at $58,000 after purchasing an additional 1,408 shares during the period. Rhumbline Advisers raised its stake in shares of CompX International by 476.5% in the fourth quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock valued at $217,000 after purchasing an additional 6,862 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in CompX International in the fourth quarter worth $1,642,000. Institutional investors own 7.50% of the company’s stock.

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.