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

StockNews.com assumed coverage on shares of CompX International (NYSE:CIX - Free Report) in a research report report published on Friday morning. The brokerage issued a hold rating on the stock.

CompX International Stock Up 1.5 %

Shares of NYSE:CIX traded up $0.39 during trading on Friday, hitting $26.02. The stock had a trading volume of 3,354 shares, compared to its average volume of 11,680. CompX International has a 12 month low of $17.89 and a 12 month high of $36.10. The company has a market capitalization of $320.54 million, a PE ratio of 17.12 and a beta of 0.94. The firm's fifty day moving average is $22.77 and its 200 day moving average is $26.02.

CompX International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 17th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Monday, March 17th. CompX International's dividend payout ratio (DPR) is presently 88.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in CompX International by 1.3% during the 4th 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 in the last quarter. BNP Paribas Financial Markets increased its position in CompX International by 243.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company's stock valued at $58,000 after buying an additional 1,408 shares in the last quarter. Rhumbline Advisers boosted its stake in CompX International by 476.5% during the 4th quarter. Rhumbline Advisers now owns 8,302 shares of the company's stock valued at $217,000 after purchasing an additional 6,862 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in CompX International during the 4th quarter valued at $1,642,000. Institutional investors own 7.50% of the company's stock.

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.