Central Securities (NYSEAMERICAN:CET) Sees Strong Trading Volume – What’s Next?

Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) shares saw an uptick in 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 Trading Down 0.2%

The company has a 50-day moving average of $52.75 and a 200-day moving average of $51.99.

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Central Securities Dividend Announcement

The company also recently disclosed 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.

Hedge Funds Weigh In On Central Securities

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Central Securities by 3.9% in the first quarter. Royal Bank of Canada now owns 66,549 shares of the company’s stock valued at $2,993,000 after acquiring an additional 2,521 shares in the last quarter. Raymond James Financial Inc. boosted its position in Central Securities by 1.8% in the second quarter. Raymond James Financial Inc. now owns 305,304 shares of the company’s stock worth $14,612,000 after purchasing an additional 5,511 shares during the last quarter. Bank of America Corp DE purchased a new position in Central Securities in the second quarter worth $64,000. Osaic Holdings Inc. boosted its position in Central Securities by 15.1% in the second quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after purchasing an additional 1,322 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Central Securities by 10.2% in the 3rd quarter. First Trust Advisors LP now owns 49,671 shares of the company’s stock valued at $2,552,000 after purchasing an additional 4,586 shares during the period. Institutional investors own 8.68% of the company’s stock.

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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