Central Securities Co. (NYSE:CET) CEO John C. Hill Buys 700 Shares

Central Securities Co. (NYSE:CET) CEO John C. Hill purchased 700 shares of the company’s stock in a transaction on Monday, January 6th. The stock was acquired at an average price of $45.87 per share, with a total value of $32,109.00. Following the purchase, the chief executive officer now owns 72,992 shares of the company’s stock, valued at approximately $3,348,143.04. This represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Central Securities Trading Down 0.2 %

NYSE:CET traded down $0.07 during midday trading on Wednesday, reaching $45.53. The company had a trading volume of 12,020 shares, compared to its average volume of 32,104. Central Securities Co. has a 12-month low of $36.89 and a 12-month high of $49.51. The stock’s fifty day simple moving average is $46.78 and its 200-day simple moving average is $45.44.

Central Securities Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were given a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Central Securities’s previous semi-annual dividend of $0.20. This represents a dividend yield of 1.3%.

Institutional Trading of Central Securities

Hedge funds have recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its position in shares of Central Securities by 259.7% in the 3rd quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock valued at $6,430,000 after purchasing an additional 101,226 shares during the last quarter. Shaker Financial Services LLC raised its stake in Central Securities by 118.7% in the third quarter. Shaker Financial Services LLC now owns 139,353 shares of the company’s stock valued at $6,388,000 after buying an additional 75,646 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Central Securities during the 3rd quarter worth about $54,760,000. Raymond James & Associates boosted its position in shares of Central Securities by 1.0% during the 3rd quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock worth $4,567,000 after acquiring an additional 962 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC acquired a new stake in shares of Central Securities during the 3rd quarter worth about $2,490,000. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Company Profile

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.