CompX International (NYSE:CIX) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• CompX International shares crossed above their 50-day moving average, reaching $37.35 before last trading at $36.23. The stock’s 50-day average was $36.21, compared with a 200-day average of $27.75.
• The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 3.3% yield. Its payout ratio is 67.04%.
• Director Ann Manix sold 1,500 shares for $44,400, reducing her ownership by 14.6%. Institutional investors and hedge funds own 7.5% of CompX’s shares.

CompX International Inc. (NYSE:CIX - Get Free Report) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $36.21 and traded as high as $37.35. CompX International shares last traded at $36.23, with a volume of 13,712 shares.

CompX International Price Performance

The stock has a market cap of $446.46 million, a price-to-earnings ratio of 23.84 and a beta of 0.84. The stock's 50-day moving average is $36.21 and its 200 day moving average is $27.75.

CompX International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd were paid a $0.30 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. CompX International's payout ratio is 67.04%.

Insider Buying and Selling at CompX International

In related news, Director Ann Manix sold 1,500 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $29.60, for a total transaction of $44,400.00. Following the transaction, the director owned 8,775 shares of the company's stock, valued at $259,740. This represents a 14.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. IFP Advisors Inc lifted its stake in shares of CompX International Inc. (NYSE:CIX - Free Report) by 95,000.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 951 shares of the company's stock after purchasing an additional 950 shares during the quarter. IFP Advisors Inc's holdings in CompX International were worth $36,000 at the end of the most recent quarter. 7.50% of the stock is owned by institutional investors and hedge funds.

CompX International Company Profile

CompX International Inc is a diversified manufacturer of security products and marine components. The company serves original equipment manufacturers, distributors and other industrial customers through operations focused primarily on the North American market, with products also sold internationally.

CompX's Security Products segment manufactures mechanical and electronic locks, cabinet locks, ignition switches and related access-control products. These products are used in applications including office furniture, recreational vehicles, vending equipment, postal equipment, transportation and industrial systems.

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