Central Securities (NYSE:CET) Reaches New 12-Month High Following Dividend Announcement

Central Securities Co. (NYSE:CET) reached a new 52-week high on Wednesday after the company announced a dividend. The stock traded as high as $47.90 and last traded at $47.90, with a volume of 153 shares trading hands. The stock had previously closed at $47.13.

The newly announced dividend which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be issued a $2.05 dividend. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20. The ex-dividend date is Friday, November 15th. This represents a yield of 1.3%.

Central Securities Stock Up 0.3 %

The firm’s fifty day moving average is $45.93 and its 200-day moving average is $44.13.

Insider Activity at Central Securities

In related news, CEO John C. Hill acquired 600 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average price of $46.71 per share, for a total transaction of $28,026.00. Following the completion of the acquisition, the chief executive officer now owns 69,296 shares of the company’s stock, valued at approximately $3,236,816.16. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO John C. Hill acquired 600 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average price of $46.71 per share, for a total transaction of $28,026.00. Following the completion of the acquisition, the chief executive officer now owns 69,296 shares of the company’s stock, valued at approximately $3,236,816.16. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew J. O’neill acquired 1,080 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $46.09 per share, for a total transaction of $49,777.20. Following the acquisition, the vice president now directly owns 84,916 shares of the company’s stock, valued at approximately $3,913,778.44. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Central Securities

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pathstone Holdings LLC raised its holdings in shares of Central Securities by 259.7% in the 3rd quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock worth $6,430,000 after acquiring an additional 101,226 shares during the last quarter. Shaker Financial Services LLC grew its position in Central Securities by 118.7% in the 3rd quarter. Shaker Financial Services LLC now owns 139,353 shares of the company’s stock worth $6,388,000 after purchasing an additional 75,646 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Central Securities in the 3rd quarter worth about $54,760,000. Raymond James & Associates grew its position in Central Securities by 1.0% in the 3rd quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock worth $4,567,000 after purchasing an additional 962 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position in Central Securities by 2.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 95,565 shares of the company’s stock worth $4,207,000 after purchasing an additional 1,911 shares in the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Company Profile

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.