Compx Inter Stock Price, News & Analysis

CompX International reported $30 million in sales for Q4 2020, a slight increase from $29.6 million in Q4 2019. However, operating income fell to $2.3 million, down from $3.5 million, while net income dropped to $2.3 million or $0.17 per share, compared to $3.2 million or $0.26 per share the previous year. For the full year, sales declined to $114.5 million from $124.2 million in 2019, with significant impacts from COVID-19 disruptions. The company noted recovery in the second half of 2020 but faced challenges in security products.

CompX International (CIX) has announced a $0.10 increase in its quarterly dividend, raising it to $0.20 per share. The dividend is payable on March 23, 2021, to shareholders on record by the close of business on March 15, 2021. This decision reflects the company's commitment to returning value to its investors. CompX specializes in manufacturing security products and components for recreational marine applications.

CI Financial Corp. (CIX, CIXX) has partnered with Emigrant Bank to provide specialized services for ultra-high-net-worth investors through CI’s U.S. wealth management firms. These services include Delaware trust administration and insurance tailored for affluent clients. CI has significantly expanded its U.S. presence, managing $23 billion in assets through 13 acquisitions and is set to reach $46 billion with the upcoming acquisition of Segall Bryant & Hamill. This collaboration emphasizes CI's commitment to offering unique solutions for wealth management.

CI Financial Corp. (CIX, CIXX) announced the redemption price for its $325 million 3.520% debentures due July 20, 2023. The redemption date is set for February 19, 2021. Investors will receive $107.002 per $100 principal plus $0.280 in accrued interest. CI Financial, as of January 31, 2021, manages approximately C$231.8 billion in client assets and offers global asset and wealth management services. The announcement highlights CI's proactive financial management strategy.

CI Financial Corp (TSX: CIX, NYSE: CIXX) reported significant growth in assets under management as of January 31, 2021, totaling $231.8 billion, a 26.1% increase year-over-year. Wealth management assets rose to $97.5 billion, marking an 89.7% annual growth. Following 13 U.S. acquisitions since January 2020, the firm anticipates doubling its U.S. assets to approximately $59 billion with the upcoming acquisition of Segall Bryant & Hamill, LLC. Canadian wealth management assets stood at $67.6 billion, an increase of 32.8% year-over-year.

CI Financial Corp. (TSX: CIX, NYSE: CIXX) reported strong financial results for Q4 and FY 2020, with Q4 adjusted earnings per share hitting a record $0.71. Wealth management assets nearly doubled to $96 billion, driven by five U.S. acquisitions and a significant presence in the U.S. market, now nearing $60 billion. Despite a drop in basic EPS to $0.50, free cash flow rose to $150.2 million. CI's focus on modernizing its asset management and enhancing its global footprint is evident through strategic acquisitions and a robust U.S. debt issuance of $960 million.

CI Financial Corp. (CIX, CIXX) has signed an agreement to acquire Segall Bryant & Hamill (SBH), an investment firm focused on high-net-worth clients. This move is set to double CI's U.S.-based assets to US$46.1 billion, marking CI's largest acquisition to date by asset size. The acquisition will enhance CI's presence in U.S. wealth management, bringing total North American assets to approximately US$82 billion. The transaction is expected to close in Q2 2021, pending regulatory approvals.

CI Financial Corp. (CIX, CIXX) is set to release its fourth-quarter financial results for fiscal 2020 on February 11, 2021. CEO Kurt MacAlpine and CFO Douglas Jamieson will lead a conference call at 9:00 a.m. ET, accessible via a webcast. CI manages approximately C$231 billion (US$182 billion) in client assets, providing asset and wealth management services across multiple platforms.

CI Financial Corp. (CIX, CIXX) plans to redeem all outstanding 2023 Debentures, totaling $325 million, on or about February 19, 2021. The redemption will be at the greater of the 2023 Canada Yield Price or par, with accrued interest until the redemption date. Beneficial holders are advised to contact their intermediaries for inquiries regarding the redemption. CI Financial manages approximately C$231 billion (US$182 billion) in assets, with operations in asset management and wealth management across Canada and the U.S.