Central Securities (NYSEAMERICAN:CET) Sets New 1-Year High – Time to Buy?

Central Securities Corporation (NYSEAMERICAN:CET) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $54.10 and last traded at $54.07, with a volume of 56868 shares trading hands. The stock had previously closed at $53.58.

Central Securities Stock Up 0.9%

The stock has a fifty day simple moving average of $51.41 and a two-hundred day simple moving average of $51.16.

Institutional Trading of Central Securities

Several large investors have recently bought and sold shares of CET. Assetmark Inc. acquired a new position in Central Securities during the fourth quarter worth about $35,000. Bank of America Corp DE acquired a new stake in shares of Central Securities in the 2nd quarter valued at approximately $64,000. Noble Wealth Management PBC bought a new stake in shares of Central Securities during the 4th quarter valued at approximately $73,000. Vista Investment Partners II LLC bought a new stake in shares of Central Securities during the 3rd quarter valued at approximately $203,000. Finally, Level Four Advisory Services LLC acquired a new position in Central Securities during the 3rd quarter worth approximately $212,000. 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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.