CompX International (NYSE:CIX) Trading Down 1.6% - Here's What Happened

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 - Get Free Report)'s share price was down 1.6% during trading on Friday . The company traded as low as $22.93 and last traded at $23.14. Approximately 5,079 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 7,202 shares. The stock had previously closed at $23.51.

CompX International Stock Up 5.2%

The stock has a 50 day simple moving average of $25.46 and a 200 day simple moving average of $24.61. The stock has a market cap of $312.02 million, a price-to-earnings ratio of 16.66 and a beta of 1.10.

CompX International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, September 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 5th. CompX International's dividend payout ratio (DPR) is 79.47%.

Institutional Investors 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 its most recent disclosure with the SEC. The firm owned 35,889 shares of the company's stock after acquiring an additional 917 shares during the period. Geode Capital Management LLC owned approximately 0.29% of CompX International worth $954,000 as of its most recent filing with the SEC. 7.50% of the stock is owned by 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.