Central Securities (NYSEAMERICAN:CET) Sees Unusually-High Trading Volume – Here’s Why

by · The Cerbat Gem

Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) saw unusually-high trading volume on Friday . Approximately 21,576 shares changed hands during trading, a decline of 40% from the previous session’s volume of 36,247 shares.The stock last traded at $51.6240 and had previously closed at $51.50.

Central Securities Stock Up 0.1%

The business has a 50 day simple moving average of $51.09 and a two-hundred day simple moving average of $50.99.

Hedge Funds Weigh In On Central Securities

A number of institutional investors have recently added to or reduced their stakes in CET. Royal Bank of Canada increased its stake in Central Securities by 3.9% in the 1st quarter. Royal Bank of Canada now owns 66,549 shares of the company’s stock worth $2,993,000 after acquiring an additional 2,521 shares during the last quarter. Raymond James Financial Inc. increased its stake in Central Securities by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 305,304 shares of the company’s stock worth $14,612,000 after acquiring an additional 5,511 shares during the last quarter. Bank of America Corp DE bought a new position in Central Securities in the 2nd quarter worth about $64,000. Osaic Holdings Inc. increased its stake in Central Securities by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Accel Wealth Management increased its stake in Central Securities by 11.8% in the 3rd quarter. Accel Wealth Management now owns 8,363 shares of the company’s stock worth $430,000 after acquiring an additional 881 shares during the last quarter. 8.68% of the stock is currently owned by institutional investors.

Central Securities Company Profile

(Get Free Report)

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.

See Also