Colfax (NASDAQ:CFXA) Shares Down 1.6%


Share on StockTwits

Colfax Co. (NASDAQ:CFXA) was down 1.6% during trading on Tuesday . The company traded as low as $173.37 and last traded at $175.74. Approximately 3,757 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 30,877 shares. The stock had previously closed at $178.57.

The stock’s fifty day moving average price is $183.43 and its 200 day moving average price is $165.13.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, April 14th were given a $1.4375 dividend. The ex-dividend date of this dividend was Tuesday, April 13th. This represents a $5.75 annualized dividend and a dividend yield of 3.27%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFXA. First Hawaiian Bank bought a new position in shares of Colfax during the fourth quarter valued at approximately $203,000. Calamos Advisors LLC boosted its stake in shares of Colfax by 15.2% during the fourth quarter. Calamos Advisors LLC now owns 276,500 shares of the company’s stock valued at $44,666,000 after purchasing an additional 36,500 shares in the last quarter. Calamos Wealth Management LLC bought a new position in shares of Colfax during the fourth quarter valued at approximately $353,000. BlackRock Inc. boosted its stake in shares of Colfax by 14.9% during the fourth quarter. BlackRock Inc. now owns 397,868 shares of the company’s stock valued at $64,272,000 after purchasing an additional 51,664 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Colfax by 18.7% during the fourth quarter. Wells Fargo & Company MN now owns 316,955 shares of the company’s stock valued at $50,928,000 after purchasing an additional 50,000 shares in the last quarter.

Colfax Company Profile (NASDAQ:CFXA)

Colfax Corporation operates as a diversified technology company worldwide. The company operates in two segments, Fabrication Technology and Medical Technology. The Fabrication Technology segment formulates, develops, manufactures, and supplies consumable products and equipment, including cutting, joining, and automated welding products, as well as gas control equipment.

Further Reading: Trading on Margin

Receive News & Ratings for Colfax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colfax and related companies with MarketBeat.com's FREE daily email newsletter.