Compx Inter Stock Price, News & Analysis

CompX International Inc. (CIX) has declared a quarterly dividend of $0.20 per share on its class A common stock. This dividend is scheduled to be paid on September 14, 2021, to stockholders of record as of September 2, 2021. CompX is recognized as a key manufacturer of security products and recreational marine components.

CompX International Inc. (CIX) reported significant growth in its Q2 2021 results, with sales reaching $36.3 million, up from $23.8 million in Q2 2020. Operating income increased to $5.8 million from $2.4 million, while net income also rose to $4.6 million or $0.37 per diluted share, compared to $2.1 million or $0.17 per share a year prior. Year-to-date sales for 2021 stood at $72.2 million, compared to $56.1 million in the first half of 2020.

CompX International (CIX) has declared a regular quarterly dividend of $0.20 per share, scheduled for payment on June 15, 2021, to shareholders on record by June 7, 2021. During its annual stockholder meeting on May 26, 2021, shareholders elected a board of directors for a one-year term and approved a nonbinding advisory resolution regarding executive compensation. CompX continues to establish its position as a significant manufacturer in security products and recreational marine components.

CompX International reported Q1 2021 sales of $35.9 million, up from $32.3 million in Q1 2020. Operating income rose to $5.8 million, compared to $5.0 million in the previous year. Net income also increased to $4.7 million, or $0.38 per share, from $4.3 million or $0.34 per share in Q1 2020. The growth was mainly driven by higher sales in Marine Components and Security Products. However, higher costs in Security Products partially offset these gains.

CI Global Asset Management (CI GAM) announced the approval of significant changes to its First Asset-branded mutual funds during unitholder meetings on March 25, 2021. This includes two fund mergers: First Asset Utility Plus Fund into Signature Global Infrastructure Fund, and First Asset Canadian Dividend Opportunity Fund into CI North American Dividend Fund. Additionally, fixed administration fees were adopted for certain funds, enhancing predictability of management expense ratios (MERs) and providing cost protection for unitholders. Both initiatives aim to streamline fund offerings and lower management costs.

CI Financial Corp (CIX, CIXX) announced its virtual Annual Meeting of Shareholders on June 16, 2021, at 2:00 p.m. EDT, continuing to prioritize safety amid the COVID-19 pandemic. The meeting will allow shareholders, analysts, and the public to participate via live audio webcast. Shareholders can submit questions and vote on key matters. Access instructions will be available on the Investor Relations section of their website. As of February 28, 2021, CI managed approximately C$236.5 billion (US$185.7 billion) in client assets, offering global asset and wealth management services.

CI Assante Wealth Management congratulates Tina Tehranchian, Senior Wealth Advisor, for being named Senior Wealth Advisor of the Decade for 2021 by the International Association of Top Professionals (IAOTP). She is the first woman and first Canadian to receive this prestigious honor. With over 30 years of experience, Tehranchian specializes in helping business owners grow wealth and develop financial plans. Her accolades include multiple awards recognizing her commitment to the industry and community. This recognition highlights her dedication and the significant contributions of women in finance.

CI Financial Corp. (TSX: CIX; NYSE: CIXX) has announced the acquisition of Brightworth, LLC, a registered investment advisor based in Atlanta, managing approximately US$4.7 billion in assets. This move is expected to double CI's U.S. assets to around US$55 billion, further expanding its wealth management footprint. Brightworth specializes in investment advisory and financial planning for high-net-worth clients. The transaction is projected to close in Q2 2021, contingent on regulatory approvals, and supports CI's strategy to globalize its operations.

CI Financial Corp. (CIX, CIXX) has announced its acquisition of Barrett Asset Management, LLC, a New York-based registered investment advisor managing US$2.5 billion in assets. This deal will elevate CI's U.S. assets to approximately US$50 billion and total assets to US$212 billion. The strategic acquisition aligns with CI's goal to expand wealth management in the U.S. and enhance service capabilities. CI aims to leverage Barrett's client-focused approach and portfolio management expertise, enhancing its presence in the affluent market.