CompX International (NYSE:CIX) Shares Down 1.3% – Time to Sell?

CompX International Inc. (NYSE:CIX) dropped 1.3% during trading on Friday . The stock traded as low as $24.76 and last traded at $25.16. Approximately 1,824 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 10,333 shares. The stock had previously closed at $25.49.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of CompX International from a “hold” rating to a “buy” rating in a research note on Monday, May 5th.

CompX International Price Performance

The company’s 50 day moving average is $24.00 and its 200 day moving average is $25.48. The stock has a market cap of $309.95 million, a price-to-earnings ratio of 16.55 and a beta of 1.08.

CompX International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Monday, June 9th. CompX International’s dividend payout ratio (DPR) is 82.19%.

Hedge Funds Weigh In On CompX International

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in CompX International by 476.5% during the 4th quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock valued at $217,000 after acquiring an additional 6,862 shares in the last quarter. Geode Capital Management LLC increased its holdings in CompX International by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock valued at $892,000 after acquiring an additional 438 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in CompX International during the 4th quarter valued at about $1,642,000. 7.50% of the stock is currently owned by hedge funds and other institutional investors.

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.