John Hill Purchases 228 Shares of Central Securities (NYSEAMERICAN:CET) Stock

by · The Markets Daily

Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) CEO John Hill acquired 228 shares of the stock in a transaction dated Friday, June 26th. The stock was bought at an average cost of $51.87 per share, with a total value of $11,826.36. Following the completion of the purchase, the chief executive officer directly owned 77,601 shares in the company, valued at approximately $4,025,163.87. The trade was a 0.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Central Securities Stock Performance

Shares of NYSEAMERICAN CET traded up $0.38 during trading hours on Tuesday, hitting $52.51. 19,588 shares of the company traded hands, compared to its average volume of 40,688. The company’s 50 day moving average price is $52.83 and its 200 day moving average price is $51.81. Central Securities Corporation has a 12 month low of $47.70 and a 12 month high of $54.65.

Central Securities Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.31 per share. This represents a yield of 117.0%. The ex-dividend date of this dividend was Friday, June 12th.

Institutional Investors Weigh In On Central Securities

Several hedge funds and other institutional investors have recently made changes to their positions in CET. First Trust Advisors LP lifted its holdings in shares of Central Securities by 4.9% in the 1st quarter. First Trust Advisors LP now owns 57,564 shares of the company’s stock worth $2,859,000 after acquiring an additional 2,709 shares during the last quarter. Bulldog Investors LLP raised its position in Central Securities by 1.4% in the 1st quarter. Bulldog Investors LLP now owns 396,467 shares of the company’s stock worth $19,689,000 after purchasing an additional 5,521 shares during the period. Formidable Asset Management LLC lifted its stake in Central Securities by 8.1% in the first quarter. Formidable Asset Management LLC now owns 10,990 shares of the company’s stock worth $557,000 after purchasing an additional 823 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Central Securities by 2.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock worth $40,757,000 after purchasing an additional 17,776 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in shares of Central Securities during the fourth quarter valued at approximately $2,521,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.

About Central Securities

(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.

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