Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $56.75 and last traded at $56.4240, with a volume of 6294 shares. The stock had previously closed at $55.53.
Central Securities Stock Up 0.4%
The company has a 50 day moving average price of $54.49 and a two-hundred day moving average price of $52.91.
Hedge Funds Weigh In On Central Securities
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont purchased a new position in shares of Central Securities in the 2nd quarter worth $29,000. IFP Advisors Inc purchased a new stake in shares of Central Securities in the 2nd quarter worth $42,000. Northwestern Mutual Wealth Management Co. purchased a new position in Central Securities during the second quarter valued at $92,000. Robotti Robert purchased a new stake in Central Securities in the second quarter worth about $230,000. Finally, Susquehanna International Group LLP bought a new position in shares of Central Securities in the second quarter worth about $269,000. Institutional investors own 8.68% of the company’s stock.
Central Securities Company Profile
Central Securities Corp. (NYSE American: CET) is a diversified, closed-end management investment company. Its primary objective is long-term capital appreciation, with current income considered a secondary objective. Rather than operating a conventional commercial business, the company invests shareholders’ capital in a portfolio of securities.
The fund invests primarily in publicly traded equity securities, while also maintaining exposure to other investments, including fixed-income securities and privately held companies when deemed appropriate.
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