CKX Lands (NYSEAMERICAN:CKX) Posts Earnings Results

CKX Lands (NYSEAMERICAN:CKX) posted its earnings results on Friday. The financial services provider reported $0.22 earnings per share for the quarter, FiscalAI reports. CKX Lands had a return on equity of 13.95% and a net margin of 419.31%. The firm had revenue of $0.31 million for the quarter.

CKX Lands Stock Performance

Shares of CKX traded down $0.59 on Friday, reaching $15.25. The stock had a trading volume of 53,479 shares, compared to its average volume of 674,585. The firm has a market capitalization of $31.26 million, a price-to-earnings ratio of 10.74 and a beta of -0.10. The company has a 50-day simple moving average of $11.23 and a 200-day simple moving average of $10.93. CKX Lands has a 12-month low of $8.66 and a 12-month high of $24.74.

Institutional Investors Weigh In On CKX Lands

A hedge fund recently bought a new stake in CKX Lands stock. Vise Technologies Inc. purchased a new position in CKX Lands, Inc. (NYSEAMERICAN:CKX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,157 shares of the financial services provider’s stock, valued at approximately $180,000. Vise Technologies Inc. owned 0.84% of CKX Lands as of its most recent SEC filing. Hedge funds and other institutional investors own 16.13% of the company’s stock.

CKX Lands Company Profile

CKX Lands, Inc. is a landholding and resource-management company focused on properties in southwest Louisiana. Its activities center on managing its land and related natural-resource interests. The company generates revenue from oil and natural gas royalties and leases, timber operations, surface-use agreements, and recreational leases, including hunting leases.