Bank of New York Mellon Corp Buys New Position in CompX International Inc. (NYSE:CIX)

Bank of New York Mellon Corp acquired a new stake in CompX International Inc. (NYSE:CIX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 62,802 shares of the company's stock, valued at approximately $1,642,000. Bank of New York Mellon Corp owned about 0.51% of CompX International as of its most recent filing with the SEC.

Separately, BNP Paribas Financial Markets increased its holdings in CompX International by 243.2% in the third quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company's stock worth $58,000 after purchasing an additional 1,408 shares in the last quarter. 7.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CompX International from a "strong-buy" rating to a "buy" rating in a report on Thursday, December 5th.

CompX International Stock Up 0.3 %

CIX traded up $0.07 during midday trading on Wednesday, hitting $21.72. The company had a trading volume of 2,347 shares, compared to its average volume of 11,826. The stock's 50 day moving average price is $24.11 and its 200 day moving average price is $26.97. CompX International Inc. has a 52 week low of $20.60 and a 52 week high of $37.91. The company has a market capitalization of $267.57 million, a price-to-earnings ratio of 14.29 and a beta of 0.71.

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CompX International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 17th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend was Monday, March 17th. CompX International's dividend payout ratio (DPR) is currently 88.89%.

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.