Central Securities Co. (NYSE:CET) CEO Acquires $32,109.00 in Stock

Central Securities Co. (NYSE:CET) CEO John C. Hill bought 700 shares of Central Securities stock in a transaction dated Monday, January 6th. The shares were bought at an average cost of $45.87 per share, for a total transaction of $32,109.00. Following the completion of the transaction, the chief executive officer now owns 72,992 shares of the company’s stock, valued at approximately $3,348,143.04. This trade represents a 0.97 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Central Securities Price Performance

CET opened at $45.53 on Friday. The business’s fifty day simple moving average is $46.73 and its 200-day simple moving average is $45.44. Central Securities Co. has a 12-month low of $36.89 and a 12-month high of $49.51.

Central Securities Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were issued a $2.05 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a dividend yield of 1.3%. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20.

Institutional Trading of Central Securities

A number of hedge funds have recently bought and sold shares of CET. Stifel Financial Corp lifted its position in shares of Central Securities by 4.1% during the third quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock valued at $1,021,000 after buying an additional 880 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Central Securities in the third quarter worth $54,760,000. Pathstone Holdings LLC raised its stake in shares of Central Securities by 259.7% during the 3rd quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock valued at $6,430,000 after buying an additional 101,226 shares during the last quarter. Shaker Financial Services LLC raised its position in Central Securities by 118.7% during the third quarter. Shaker Financial Services LLC now owns 139,353 shares of the company’s stock valued at $6,388,000 after acquiring an additional 75,646 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of Central Securities by 421.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 24,296 shares of the company’s stock valued at $1,114,000 after purchasing an additional 19,635 shares in the last quarter. Hedge funds and other institutional investors own 8.68% of the company’s stock.

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.