CompX International (NYSE:CIX) Shares Down 1.6% - Should You Sell?

Key Points

• CompX International shares decreased by 1.6% to $23.14, with trading volume falling 29% below average levels.
• The company announced a quarterly dividend of $0.30 per share, representing a yield of 5.2%, set to be paid on September 16th.
• Geode Capital Management increased its position in CompX International by 2.6%, owning approximately 0.29% of the company worth $954,000.

CompX International Inc. (NYSE:CIX - ) shares fell 1.6% on Friday . The company traded as low as $22.93 and last traded at $23.14. 5,079 shares traded hands during trading, a decline of 29% from the average session volume of 7,202 shares. The stock had previously closed at $23.51.

CompX International Trading Down 1.6%

The business's 50 day moving average is $25.58 and its two-hundred day moving average is $24.61. The company has a market cap of $285.15 million, a PE ratio of 15.22 and a beta of 1.10.

CompX International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, September 5th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, September 5th. CompX International's dividend payout ratio (DPR) is presently 79.47%.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Geode Capital Management LLC raised its position in shares of CompX International Inc. (NYSE:CIX - Free Report) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,889 shares of the company's stock after buying an additional 917 shares during the quarter. Geode Capital Management LLC owned about 0.29% of CompX International worth $954,000 as of its most recent SEC filing. 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.

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