CompX International (NYSE:CIX) Shares Down 1.6% - Here's Why

Key Points

• CompX International's shares fell 1.6% to $22.54, with a trading volume increase of 13% compared to the average session.
• The company declared a quarterly dividend of $0.30 per share, equating to a 5.3% yield, with a payout ratio of 79.47%.
• Geode Capital Management LLC increased its stake in CompX International by 2.6%, holding approximately 0.29% of the company at the end of the most recent quarter.

CompX International Inc. (NYSE:CIX - )'s share price fell 1.6% on Thursday . The company traded as low as $22.54 and last traded at $22.54. 7,823 shares traded hands during trading, an increase of 13% from the average session volume of 6,938 shares. The stock had previously closed at $22.90.

CompX International Trading Down 1.6%

The business's 50-day moving average is $25.14 and its two-hundred day moving average is $24.78. The stock has a market capitalization of $277.76 million, a PE ratio of 14.83 and a beta of 1.13.

CompX International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, September 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Friday, September 5th. CompX International's dividend payout ratio is 79.47%.

Hedge Funds Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. Geode Capital Management LLC raised its position in CompX International Inc. (NYSE:CIX - Free Report) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,889 shares of the company's stock after buying an additional 917 shares during the period. Geode Capital Management LLC owned approximately 0.29% of CompX International worth $954,000 at the end of the most recent quarter. 7.50% of the stock is owned by hedge funds and other institutional investors.

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.

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