Mary A. Tidlund, a director at CompX International Inc. (NYSE:CIX), recently sold 2,000 shares of the company's Class A common stock. The shares were sold at an average price of $28.58 each, amounting to a total transaction value of $57,160. Following this sale, Tidlund retains ownership of 6,650 shares in the company. The transaction was officially documented on November 12, 2024, and filed with the Securities and Exchange Commission the following day.
InvestingPro Insights
While Mary A. Tidlund's recent sale of CompX International Inc. (NYSE:CIX) shares might raise eyebrows, a closer look at the company's financial health and market performance reveals a more nuanced picture. According to InvestingPro data, CompX International has demonstrated resilience and profitability in recent times.
Despite a 4.68% revenue decline in the last twelve months as of Q3 2024, the company maintains a solid financial position. CompX's liquid assets exceed its short-term obligations, indicating a strong balance sheet. Moreover, the company has been profitable over the last twelve months, with a gross profit margin of 29.15% and an operating income margin of 13.03%.
InvestingPro Tips highlight that CompX International has maintained dividend payments for 26 consecutive years, a testament to its financial stability and commitment to shareholder returns. This consistency is particularly noteworthy given the current dividend yield of 4.34%, which may be attractive to income-focused investors.
The stock's performance has been impressive, with a 52.63% total return over the past year and a significant 41.25% gain in the last six months. These figures suggest strong market confidence in CompX's prospects, despite the recent insider sale.
It's worth noting that while the stock has taken a hit over the last week, with a 17.16% decline, the longer-term trend remains positive. This recent dip could potentially represent a buying opportunity for investors who share the market's overall optimistic view of CompX International.
For readers interested in a more comprehensive analysis, InvestingPro offers additional tips and insights on CompX International. In fact, there are 6 more InvestingPro Tips available for CIX, providing a deeper understanding of the company's financial health and market position.
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