CKX Lands (NYSEAMERICAN:CKX) Stock: Insider Lee Boyer Sells 962 Shares

CKX Lands, Inc. (NYSEAMERICAN:CKX) insider Lee Boyer sold 962 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $22.05, for a total transaction of $21,212.10. Following the completion of the transaction, the insider owned 2,000 shares in the company, valued at approximately $44,100. The trade was a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CKX Lands Stock Up 3.1%

CKX stock traded up $0.51 during trading on Tuesday, hitting $16.91. The company had a trading volume of 852,818 shares, compared to its average volume of 77,448. The firm has a market capitalization of $34.67 million, a P/E ratio of 11.91 and a beta of -0.10. CKX Lands, Inc. has a 52-week low of $8.66 and a 52-week high of $24.74. The company has a 50 day simple moving average of $10.82 and a 200-day simple moving average of $10.82.

CKX Lands (NYSEAMERICAN:CKX) last released its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $0.17 million during the quarter. CKX Lands had a net margin of 419.31% and a return on equity of 13.95%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CKX Lands stock. Vise Technologies Inc. bought a new stake in shares of CKX Lands, Inc. (NYSEAMERICAN:CKX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,157 shares of the financial services provider’s stock, valued at approximately $180,000. Vise Technologies Inc. owned approximately 0.84% of CKX Lands as of its most recent SEC filing. Institutional investors own 16.13% of the company’s stock.

CKX Lands News Roundup

Here are the key news stories impacting CKX Lands this week:

• Positive Sentiment: Brad Jacobs will lead a $1 billion equity investment connected to CKX Lands and take a majority stake through his private-equity vehicle. The large commitment and Jacobs’ leadership of a new venture fueled strong buying interest. Brad Jacobs to Lead $1 Billion Equity Investment in CKX Lands
• Neutral Sentiment: The venture’s target industry has not yet been identified, and details of the transaction and its implications for CKX’s existing business remain important unknowns for investors. Brad Jacobs to Take Majority Stake in CKX Lands via $1B Investment
• Negative Sentiment: Two law firms announced investigations into whether CKX Lands and its board are obtaining a fair price for shareholders in the proposed transaction. The inquiries do not establish wrongdoing, but they could add uncertainty and scrutiny around the deal. M&A Class Action Firm Announces Investigation of CKX Lands Halper Sadeh LLC Investigation

CKX Lands Company Profile

CKX Lands, Inc. is a land and mineral rights holding company based in Louisiana. The company owns and manages surface acreage, mineral interests and other real estate assets, with its holdings concentrated primarily in southwestern Louisiana. CKX Lands generates income from leasing its mineral interests for oil and natural gas exploration and production, as well as from royalties associated with production on those properties. Its activities may also include timber sales, surface leases and recreational uses such as hunting and fishing, depending on the property.