CKX Lands (NYSEAMERICAN:CKX) Stock: Insider Lee Boyer Sells 962 Shares

CKX Lands, Inc. (NYSEAMERICAN:CKX) insider Lee Boyer sold 962 shares of CKX Lands stock in a transaction on Monday, November 9th. The shares were sold at an average price of $22.05, for a total value of $21,212.10. Following the completion of the transaction, the insider owned 2,000 shares of the company’s stock, valued at approximately $44,100. This trade represents a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CKX Lands Price Performance

CKX opened at $15.79 on Thursday. CKX Lands, Inc. has a 12 month low of $8.66 and a 12 month high of $24.74. The stock has a market capitalization of $32.37 million, a price-to-earnings ratio of 11.12 and a beta of -0.10. The business has a fifty day moving average price of $11.04 and a 200 day moving average price of $10.89.

CKX Lands (NYSEAMERICAN:CKX) last issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.06 earnings per share for the quarter. The company had revenue of $0.17 million for the quarter. CKX Lands had a return on equity of 13.95% and a net margin of 419.31%.

Hedge Funds Weigh In On CKX Lands

An institutional investor recently bought a new stake in CKX Lands stock. Vise Technologies Inc. bought a new stake in CKX Lands, Inc. (NYSEAMERICAN:CKX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,157 shares of the financial services provider’s stock, valued at approximately $180,000. Vise Technologies Inc. owned approximately 0.84% of CKX Lands as of its most recent SEC filing. 16.13% of the stock is currently owned by hedge funds and other institutional investors.

About CKX Lands

CKX Lands, Inc. is a land and mineral rights holding company based in Louisiana. The company owns and manages surface acreage, mineral interests and other real estate assets, with its holdings concentrated primarily in southwestern Louisiana. CKX Lands generates income from leasing its mineral interests for oil and natural gas exploration and production, as well as from royalties associated with production on those properties. Its activities may also include timber sales, surface leases and recreational uses such as hunting and fishing, depending on the property.