Central Securities (NYSEAMERICAN:CET) Sets New 52-Week High – Should You Buy?

Central Securities Corporation (NYSEAMERICAN:CET) reached a new 52-week high during trading on Monday . The stock traded as high as $55.68 and last traded at $55.3510, with a volume of 33686 shares changing hands. The stock had previously closed at $55.68.

Central Securities Stock Down 0.4%

The firm’s 50 day moving average is $52.95 and its two-hundred day moving average is $52.26.

Central Securities Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Trust Co. of Vermont acquired a new stake in Central Securities in the 2nd quarter valued at about $29,000. Assetmark Inc. bought a new stake in Central Securities in the fourth quarter valued at approximately $35,000. Bank of America Corp DE bought a new stake in Central Securities in the second quarter valued at approximately $64,000. Williams Jones Wealth Management LLC. acquired a new stake in shares of Central Securities in the third quarter valued at approximately $214,000. Finally, Robotti Robert acquired a new stake in shares of Central Securities in the fourth quarter valued at approximately $222,000. 8.68% of the stock is currently owned by institutional investors and hedge funds.

Central Securities Company Profile

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.