Insider Selling: CompX International Inc. (NYSE:CIX) Director Sells 2,000 Shares of Stock

CompX International Inc. (NYSE:CIX) Director Mary A. Tidlund sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $28.58, for a total transaction of $57,160.00. Following the transaction, the director now owns 6,650 shares of the company’s stock, valued at $190,057. This trade represents a 23.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CompX International Stock Performance

CompX International stock opened at $30.18 on Friday. The company has a market capitalization of $371.82 million, a P/E ratio of 19.08 and a beta of 0.76. CompX International Inc. has a fifty-two week low of $20.06 and a fifty-two week high of $39.91. The stock has a 50-day simple moving average of $29.14 and a 200-day simple moving average of $26.85.

CompX International Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, November 29th. CompX International’s dividend payout ratio is currently 78.95%.

Institutional Trading of CompX International

An institutional investor recently raised its position in CompX International stock. Nisa Investment Advisors LLC grew its holdings in CompX International Inc. (NYSE:CIX) by 118.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,310 shares of the company’s stock after buying an additional 710 shares during the period. Nisa Investment Advisors LLC’s holdings in CompX International were worth $38,000 at the end of the most recent reporting period. 7.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of CompX International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

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.