Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $55.99 and last traded at $55.9850, with a volume of 6567 shares trading hands. The stock had previously closed at $55.50.
Central Securities Stock Performance
The stock has a 50 day moving average price of $53.98 and a 200-day moving average price of $52.70.
Hedge Funds Weigh In On Central Securities
Institutional investors and hedge funds have recently bought and sold shares of the stock. Evolve Private Wealth LLC purchased a new stake in shares of Central Securities during the second quarter worth about $2,453,000. Blue Bell Private Wealth Management LLC increased its holdings in Central Securities by 8.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company’s stock valued at $15,796,000 after purchasing an additional 23,696 shares during the period. Rockefeller Capital Management L.P. raised its position in Central Securities by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock valued at $40,757,000 after purchasing an additional 17,776 shares during the last quarter. Brasada Capital Management LP bought a new position in Central Securities during the 2nd quarter valued at approximately $6,137,000. Finally, Closed End Fund Advisors Inc. purchased a new stake in Central Securities in the 4th quarter worth approximately $554,000. 8.68% of the stock is currently owned by institutional investors.
About Central Securities
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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.
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