Central Securities (NYSEAMERICAN:CET) Sees Strong Trading Volume – Time to Buy?

Central Securities Corporation (NYSEAMERICAN:CET) saw unusually-high trading volume on Thursday . Approximately 52,746 shares changed hands during trading, an increase of 30% from the previous session’s volume of 40,640 shares.The stock last traded at $53.0550 and had previously closed at $52.90.

Central Securities Stock Down 0.2%

The business’s fifty day moving average is $52.75 and its 200 day moving average is $51.99.

Central Securities Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CET. Assetmark Inc. bought a new stake in Central Securities in the 4th quarter valued at about $35,000. Bank of America Corp DE purchased a new position in shares of Central Securities in the second quarter worth about $64,000. Noble Wealth Management PBC bought a new stake in shares of Central Securities in the fourth quarter valued at approximately $73,000. Williams Jones Wealth Management LLC. bought a new stake in shares of Central Securities in the third quarter valued at approximately $214,000. Finally, Robotti Robert purchased a new stake in shares of Central Securities during the 4th quarter valued at approximately $222,000. Institutional investors own 8.68% of the company’s stock.

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.