Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $57.49 and last traded at $57.2590, with a volume of 4,391 shares traded. The stock had previously closed at $56.73.
Central Securities Stock Performance
The company has a 50 day simple moving average of $55.80 and a two-hundred day simple moving average of $53.33.
Central Securities Announces Dividend
The company also recently disclosed a dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 16th will be paid a $3.00 dividend. This represents a dividend yield of 1,058.0%. The ex-dividend date is Monday, November 16th.
Insider Activity at Central Securities
In other Central Securities news, CEO John C. Hill purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The shares were bought at an average price of $56.37 per share, for a total transaction of $28,185.00. Following the acquisition, the chief executive officer owned 78,101 shares in the company, valued at $4,402,553.37. This represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.10% of the stock is owned by company insiders.
Institutional Trading of Central Securities
Institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont purchased a new position in shares of Central Securities in the second quarter worth about $29,000. IFP Advisors Inc acquired a new stake in shares of Central Securities during the second quarter valued at about $42,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Central Securities in the 2nd quarter valued at $92,000. King Luther Capital Management Corp purchased a new position in Central Securities during the 3rd quarter valued at about $211,000. Finally, Robotti Robert acquired a new position in Central Securities in the 2nd quarter valued at about $230,000. 8.68% of the stock is owned by institutional investors and hedge funds.
Central Securities Company Profile
Central Securities Corporation is a diversified closed-end investment company that has been publicly traded since 1929. Rather than operating a commercial business, it pools shareholder capital to invest in a portfolio of securities. The company’s investment objective is long-term growth of capital. Its portfolio consists primarily of equity securities, including shares of companies across a range of industries. Central Securities is based in the United States and invests in publicly traded companies.
Featured Stories
- Five stocks we like better than Central Securities
- Aehr Test Systems Notches Another Post-Earnings Win as Sales Triple on AI Demand
- Alphabet Escalates AI Chip Rivalry With NVIDIA
- Amazon’s Rally Is Outpacing Big Tech, But Can AWS Justify the AI Spending?
- 3 Stocks Wall Street Likes More Than the Market Does
Receive News & Ratings for Central Securities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Securities and related companies with MarketBeat.com's FREE daily email newsletter.
