Central Securities Co. (NYSE:CET) VP Buys $59,755.85 in Stock

Central Securities Co. (NYSE:CET) VP Andrew J. O’neill purchased 1,309 shares of the stock in a transaction on Monday, January 6th. The shares were purchased at an average price of $45.65 per share, with a total value of $59,755.85. Following the acquisition, the vice president now owns 88,146 shares in the company, valued at approximately $4,023,864.90. The trade was a 1.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Central Securities Trading Down 1.6 %

CET opened at $44.80 on Friday. Central Securities Co. has a twelve month low of $36.89 and a twelve month high of $49.51. The company has a fifty day moving average of $46.69 and a 200-day moving average of $45.45.

Central Securities Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pathstone Holdings LLC increased its holdings in Central Securities by 259.7% in the third quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock worth $6,430,000 after purchasing an additional 101,226 shares in the last quarter. Shaker Financial Services LLC lifted its position in shares of Central Securities by 118.7% during the 3rd 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 during the period. International Assets Investment Management LLC bought a new position in Central Securities during the third quarter worth $54,760,000. Raymond James & Associates grew its holdings in Central Securities by 1.0% in the third quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock worth $4,567,000 after purchasing an additional 962 shares during the period. Finally, Douglass Winthrop Advisors LLC bought a new stake in Central Securities in the third quarter valued at $2,490,000. 8.68% of the stock is owned by institutional investors and hedge funds.

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.