Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) CEO John Hill bought 500 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was bought at an average cost of $56.37 per share, with a total value of $28,185.00. Following the transaction, the chief executive officer owned 78,101 shares in the company, valued at $4,402,553.37. This trade represents a 0.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Central Securities Price Performance
Shares of NYSEAMERICAN CET traded up $0.06 during midday trading on Thursday, hitting $55.77. 4,098 shares of the stock traded hands, compared to its average volume of 36,663. The firm has a 50-day moving average of $55.21 and a two-hundred day moving average of $53.31. Central Securities Corporation has a one year low of $47.82 and a one year high of $57.39.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont bought a new stake in shares of Central Securities during the 2nd quarter valued at about $29,000. IFP Advisors Inc bought a new position in shares of Central Securities in the 2nd quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Central Securities in the second quarter worth approximately $92,000. Robotti Robert purchased a new position in shares of Central Securities in the second quarter worth approximately $230,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Central Securities in the second quarter worth approximately $269,000. 8.68% of the stock is owned by hedge funds and other institutional investors.
About Central Securities
Central Securities Corporation is a closed-end investment company listed on the NYSE American under the symbol CET. The company invests in a portfolio of securities with the objective of achieving long-term capital appreciation. As a closed-end fund, it raises capital through its permanent share structure and invests in publicly traded and, at times, privately held companies.
The fund’s portfolio may include common stocks, convertible securities and other investments across a range of industries and market sectors.
Featured Stories
- Five stocks we like better than Central Securities
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
- This Space ETF Offers SpaceX Exposure—But Investors Are Paying for the Volatilit
- Does Lemonade’s Growth Signal Profits Ahead?
- These 3 ETFs Could Benefit From the Parts of Inflation That Won’t Go Away
Receive News & Ratings for Central Securities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Securities and related companies with MarketBeat.com's FREE daily email newsletter.
