Central Securities (NYSE:CET) Sees Unusually-High Trading Volume – Should You Buy?

Central Securities Co. (NYSE:CET) saw an uptick in trading volume on Friday . 51,664 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 27,035 shares.The stock last traded at $50.5490 and had previously closed at $50.87.

Central Securities Stock Performance

The business has a 50 day moving average price of $50.95 and a 200-day moving average price of $48.58.

Central Securities Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 14th will be given a $2.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a dividend yield of 965.0%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Almitas Capital LLC boosted its position in shares of Central Securities by 1.9% during the first quarter. Almitas Capital LLC now owns 15,735 shares of the company’s stock worth $707,000 after buying an additional 299 shares during the period. Accel Wealth Management lifted its stake in Central Securities by 8.1% in the second quarter. Accel Wealth Management now owns 7,482 shares of the company’s stock valued at $358,000 after acquiring an additional 562 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Central Securities by 1.4% in the first quarter. Cetera Investment Advisers now owns 42,258 shares of the company’s stock valued at $1,900,000 after purchasing an additional 576 shares during the period. Landscape Capital Management L.L.C. lifted its holdings in shares of Central Securities by 13.0% during the first quarter. Landscape Capital Management L.L.C. now owns 6,393 shares of the company’s stock worth $287,000 after buying an additional 734 shares during the last quarter. Finally, Uncommon Cents Investing LLC increased its position in shares of Central Securities by 2.7% during the second quarter. Uncommon Cents Investing LLC now owns 29,167 shares of the company’s stock valued at $1,396,000 after purchasing an additional 760 shares during the period. 8.68% of the stock is currently owned by institutional investors.

About Central Securities

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.