StockNews.com Initiates Coverage on CompX International (NYSE:CIX)

Investment analysts at StockNews.com initiated coverage on shares of CompX International (NYSE:CIX) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

CompX International Price Performance

CIX stock opened at $20.06 on Thursday. The company has a market capitalization of $247.12 million, a PE ratio of 13.20 and a beta of 0.94. CompX International has a 12 month low of $17.89 and a 12 month high of $36.10. The firm’s 50-day moving average is $22.78 and its 200 day moving average is $26.23.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CIX. Bank of New York Mellon Corp bought a new position in shares of CompX International during the 4th quarter worth $1,642,000. Geode Capital Management LLC grew its holdings in CompX International by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock worth $892,000 after acquiring an additional 438 shares in the last quarter. Rhumbline Advisers grew its holdings in CompX International by 476.5% during the 4th quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock worth $217,000 after acquiring an additional 6,862 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in 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 purchasing an additional 1,408 shares during the period. 7.50% of the stock is currently owned by hedge funds and other institutional investors.

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.