Central Securities (NYSEAMERICAN:CET) Stock Passes Above 50 Day Moving Average – What’s Next?

Central Securities Corporation (NYSEAMERICAN:CET)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $52.67 and traded as high as $53.44. Central Securities shares last traded at $53.44, with a volume of 39,837 shares trading hands.

Central Securities Stock Performance

The business has a 50 day moving average of $52.67 and a two-hundred day moving average of $52.10.

Central Securities Announces Dividend

The company also recently announced a dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.31 dividend. This represents a dividend yield of 117.0%. The ex-dividend date was Friday, June 12th.

Institutional Trading of Central Securities

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC grew its holdings in Central Securities by 8.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company’s stock worth $15,796,000 after buying an additional 23,696 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake 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 acquiring an additional 17,776 shares in the last quarter. Brasada Capital Management LP boosted its holdings in Central Securities by 11.5% during the 4th quarter. Brasada Capital Management LP now owns 122,996 shares of the company’s stock worth $6,240,000 after acquiring an additional 12,716 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in Central Securities during the 4th quarter worth $554,000. Finally, Formidable Asset Management LLC bought a new stake in shares of Central Securities in the 4th quarter worth $522,000. 8.68% of the stock is owned by hedge funds and other 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.