Central Securities (NYSEAMERICAN:CET) Sees Large Volume Increase – Time to Buy?

Shares of Central Securities Corporation (NYSEAMERICAN:CET) saw unusually-strong trading volume on Friday . Approximately 29,852 shares changed hands during trading, a decline of 29% from the previous session’s volume of 41,887 shares.The stock last traded at $53.2190 and had previously closed at $53.25.

Central Securities Trading Down 0.7%

The firm’s fifty day moving average is $51.48 and its 200-day moving average is $51.25.

Institutional Investors Weigh In On Central Securities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new stake in Central Securities in the 4th quarter valued at about $35,000. Bank of America Corp DE acquired a new stake in Central Securities in the 2nd quarter valued at about $64,000. Noble Wealth Management PBC acquired a new stake in Central Securities in the 4th quarter valued at about $73,000. Vista Investment Partners II LLC acquired a new stake in Central Securities in the 3rd quarter valued at about $203,000. Finally, Level Four Advisory Services LLC acquired a new stake in Central Securities in the 3rd quarter valued at about $212,000. 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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.