CompX International (NYSE:CIX) Shares Down 2.6%

Shares of CompX International Inc. (NYSE:CIX) traded down 2.6% on Thursday . The stock traded as low as $23.70 and last traded at $23.97. 2,126 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 14,889 shares. The stock had previously closed at $24.60.

CompX International Stock Down 0.6 %

The firm has a market capitalization of $290.27 million, a price-to-earnings ratio of 14.38 and a beta of 0.77. The company has a fifty day moving average price of $28.01 and a two-hundred day moving average price of $26.78.

CompX International (NYSE:CIX) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter. The business had revenue of $38.00 million during the quarter. CompX International had a return on equity of 12.14% and a net margin of 12.78%.

CompX International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Monday, June 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend is Monday, June 10th. CompX International’s dividend payout ratio is presently 72.73%.

Institutional Investors Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets grew its stake in shares of CompX International Inc. (NYSE:CIX) by 998.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,471 shares of the company’s stock after purchasing an additional 4,973 shares during the period. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 7.50% of the company’s stock.

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.