Rhumbline Advisers Cuts Stake in CompX International Inc. (NYSE:CIX)

Rhumbline Advisers reduced its holdings in shares of CompX International Inc. (NYSE:CIX) by 77.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,836 shares of the company’s stock after selling 6,466 shares during the period. Rhumbline Advisers’ holdings in CompX International were worth $38,000 at the end of the most recent reporting period.

Separately, Bank of New York Mellon Corp bought a new position in shares of CompX International during the 4th quarter valued at $1,642,000. Institutional investors own 7.50% of the company’s stock.

CompX International Trading Up 3.3%

CIX opened at $25.87 on Friday. The company has a market cap of $318.69 million, a P/E ratio of 17.02 and a beta of 1.04. The business’s 50-day moving average price is $25.40 and its 200-day moving average price is $24.75. CompX International Inc. has a 12 month low of $17.89 and a 12 month high of $36.10.

CompX International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 9th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $1.20 annualized dividend and a yield of 4.64%. CompX International’s payout ratio is 82.19%.

Analysts Set New Price Targets

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

CompX International 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.