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

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

Central Securities Stock Down 1.6 %

Shares of CET stock opened at $44.80 on Friday. The firm’s 50 day moving average price is $46.69 and its two-hundred day moving average price is $45.45. Central Securities Co. has a 52-week low of $36.89 and a 52-week high of $49.51.

Central Securities Increases Dividend

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

Institutional Investors Weigh In On Central Securities

A number of institutional investors have recently made changes to their positions in the stock. Pathstone Holdings LLC boosted its stake in Central Securities by 259.7% during 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 boosted its position in shares of Central Securities by 118.7% during the third 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 acquired a new position in shares of Central Securities in the 3rd quarter valued at $54,760,000. Raymond James & Associates increased its position in shares of Central Securities by 1.0% in the 3rd quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock valued at $4,567,000 after buying an additional 962 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC acquired a new stake in Central Securities during the 3rd quarter worth $2,490,000. 8.68% of the stock is owned by institutional investors and hedge funds.

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.