CKX Lands (NYSEAMERICAN:CKX) Releases Quarterly Earnings Results

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

CKX Lands Trading Down 3.7%

CKX traded down $0.59 on Friday, hitting $15.25. The company had a trading volume of 53,479 shares, compared to its average volume of 79,994. The firm has a market cap of $31.26 million, a P/E ratio of 10.74 and a beta of -0.10. CKX Lands has a 1 year low of $8.66 and a 1 year high of $24.74. The company’s fifty day moving average price is $11.14 and its 200 day moving average price is $10.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CKX Lands stock. Vise Technologies Inc. purchased a new stake in shares of CKX Lands, Inc. (NYSEAMERICAN:CKX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,157 shares of the financial services provider’s stock, valued at approximately $180,000. Vise Technologies Inc. owned about 0.84% of CKX Lands at the end of the most recent reporting period. Institutional investors own 16.13% of the company’s stock.

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.