John Hill Acquires 228 Shares of Central Securities (NYSEAMERICAN:CET) Stock

Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) CEO John Hill acquired 228 shares of the company’s stock in a transaction on Friday, June 26th. The shares were bought at an average cost of $51.87 per share, with a total value of $11,826.36. Following the acquisition, the chief executive officer directly owned 77,601 shares in the company, valued at approximately $4,025,163.87. The trade was a 0.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Central Securities Trading Up 0.7%

Shares of CET stock traded up $0.38 during trading hours on Tuesday, hitting $52.51. The stock had a trading volume of 19,588 shares, compared to its average volume of 40,688. Central Securities Corporation has a one year low of $47.70 and a one year high of $54.65. The stock’s 50-day moving average price is $52.83 and its two-hundred day moving average price is $51.81.

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Central Securities Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a yield of 117.0%.

Hedge Funds Weigh In On Central Securities

Institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. purchased a new stake in shares of Central Securities during the 4th quarter valued at about $35,000. Bank of America Corp DE purchased a new position in Central Securities in the second quarter worth about $64,000. Noble Wealth Management PBC purchased a new position in Central Securities in the fourth quarter worth about $73,000. Level Four Advisory Services LLC purchased a new position in Central Securities in the third quarter worth about $212,000. Finally, Williams Jones Wealth Management LLC. bought a new stake in Central Securities during the third quarter worth approximately $214,000. 8.68% of the stock is owned by hedge funds and other institutional investors.

About Central Securities

(Get Free Report)

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.

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