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

Equities research analysts at StockNews.com initiated coverage on shares of CompX International (NYSE:CIX) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

CompX International Stock Up 4.6 %

Shares of CIX stock opened at $25.90 on Friday. The business has a 50 day moving average of $22.72 and a two-hundred day moving average of $26.11. The company has a market cap of $319.06 million, a P/E ratio of 17.04 and a beta of 0.94. CompX International has a 52 week low of $17.89 and a 52 week high of $36.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CIX. Bank of New York Mellon Corp bought a new position in CompX International in the 4th quarter worth approximately $1,642,000. Rhumbline Advisers increased its holdings in shares of CompX International by 476.5% during the fourth 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 period. BNP Paribas Financial Markets increased its holdings in shares of CompX International by 243.2% during the third quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company’s stock valued at $58,000 after purchasing an additional 1,408 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of CompX International by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock valued at $892,000 after purchasing an additional 438 shares in the last quarter. 7.50% of the stock is owned by institutional investors and hedge funds.

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.