Insider Buying: CompX International Inc. (NYSE:CIX) VP Purchases 750 Shares of Stock

CompX International Inc. (NYSE:CIX - Get Free Report) VP Bryan A. Hanley acquired 750 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $22.20 per share, with a total value of $16,650.00. Following the transaction, the vice president now directly owns 2,250 shares in the company, valued at approximately $49,950. This represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CompX International Stock Performance

CIX stock traded up $0.52 during midday trading on Friday, reaching $22.37. The stock had a trading volume of 9,590 shares, compared to its average volume of 12,197. The stock has a market cap of $275.58 million, a PE ratio of 14.72 and a beta of 0.71. The firm has a fifty day simple moving average of $24.44 and a two-hundred day simple moving average of $27.30. CompX International Inc. has a 52-week low of $20.60 and a 52-week high of $39.91.

CompX International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.20 dividend on an annualized basis and a yield of 5.36%. CompX International's dividend payout ratio (DPR) is 88.89%.

Wall Street Analyst Weigh In

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

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Hedge Funds Weigh In On CompX International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of CompX International by 243.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company's stock valued at $58,000 after buying an additional 1,408 shares during the last quarter. Rhumbline Advisers raised its stake in shares of 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 buying an additional 6,862 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 buying an additional 438 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of CompX International during the 4th quarter valued at about $1,642,000. Hedge funds and other institutional investors 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.