Central Securities (NYSE:CET) Reaches New 52-Week High After Insider Buying Activity

Central Securities Co. (NYSE:CET) shares reached a new 52-week high during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as $47.18 and last traded at $47.02, with a volume of 11232 shares. The stock had previously closed at $46.64.

Specifically, VP Andrew J. O’neill bought 1,080 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $46.09 per share, for a total transaction of $49,777.20. Following the transaction, the vice president now owns 84,916 shares in the company, valued at approximately $3,913,778.44. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Central Securities Stock Performance

The stock’s 50 day moving average is $45.46 and its two-hundred day moving average is $43.79.

Institutional Trading of Central Securities

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of Central Securities during the 3rd quarter worth about $54,760,000. Raymond James & Associates grew its holdings in Central Securities by 1.0% during the third quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock valued at $4,567,000 after purchasing an additional 962 shares during the period. Sanctuary Advisors LLC bought a new stake in Central Securities in the second quarter valued at approximately $2,169,000. Cetera Investment Advisers raised its holdings in Central Securities by 3.2% in the second quarter. Cetera Investment Advisers now owns 37,700 shares of the company’s stock worth $1,660,000 after purchasing an additional 1,161 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Central Securities by 18.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock worth $791,000 after purchasing an additional 2,860 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.