Central Securities (NYSE:CET) CEO Buys $25,455.00 in Stock

Central Securities Co. (NYSE:CET) CEO John Hill bought 500 shares of the company’s stock in a transaction on Monday, December 29th. The stock was bought at an average price of $50.91 per share, for a total transaction of $25,455.00. Following the completion of the purchase, the chief executive officer owned 77,373 shares of the company’s stock, valued at approximately $3,939,059.43. The trade was a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Central Securities Price Performance

Shares of CET traded up $0.51 during trading hours on Tuesday, hitting $51.81. The company’s stock had a trading volume of 38,632 shares, compared to its average volume of 49,012. The business has a 50 day simple moving average of $50.39 and a two-hundred day simple moving average of $49.91. Central Securities Co. has a 52-week low of $40.24 and a 52-week high of $52.44.

Central Securities Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, November 14th were given a $2.45 dividend. This represents a dividend yield of 1,003.0%. The ex-dividend date was Friday, November 14th.

Hedge Funds Weigh In On Central Securities

A number of institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. bought a new position in shares of Central Securities during the 3rd quarter valued at about $2,562,000. Blue Bell Private Wealth Management LLC grew its position in shares of Central Securities by 14.8% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company’s stock worth $14,784,000 after buying an additional 37,099 shares during the last quarter. Shaker Financial Services LLC grew its holdings in shares of Central Securities by 17.1% during the 2nd quarter. Shaker Financial Services LLC now owns 211,722 shares of the company’s stock worth $10,133,000 after acquiring an additional 30,909 shares during the period. Bulldog Investors LLP lifted its position in Central Securities by 4.9% during the 3rd quarter. Bulldog Investors LLP now owns 386,046 shares of the company’s stock valued at $19,831,000 after acquiring an additional 17,962 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new position in Central Securities during the third quarter valued at $537,000. Institutional investors own 8.68% of the company’s stock.

Central Securities Company Profile

Central Securities Corporation (NYSE: CET) is a diversified, closed-end management investment company that has operated since its incorporation in 1927. Listed on the New York Stock Exchange, the company offers investors access to a blend of equity and fixed-income strategies within a single vehicle. Headquartered in St. Louis, Missouri, Central Securities seeks to deliver total return through a combination of dividend income and capital appreciation.

The company’s investment strategy emphasizes a core allocation to U.S.