Insider Buying: Central Securities (NYSEAMERICAN:CET) Director Purchases $10,685.52 in Stock

Central Securities Corporation (NYSEAMERICAN:CET) Director Leo Price Blackford bought 204 shares of the business’s stock in a transaction on Friday, June 26th. The shares were acquired at an average price of $52.38 per share, for a total transaction of $10,685.52. Following the completion of the purchase, the director owned 48,050 shares in the company, valued at approximately $2,516,859. The trade was a 0.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Central Securities Stock Up 0.7%

Shares of CET stock traded up $0.38 during mid-day trading on Tuesday, hitting $52.51. The company’s stock had a trading volume of 16,873 shares, compared to its average volume of 40,665. Central Securities Corporation has a 52-week low of $47.70 and a 52-week high of $54.65. The business has a 50-day moving average price of $52.83 and a 200 day moving average price of $51.81.

Central Securities Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.31 dividend. This represents a yield of 117.0%. The ex-dividend date was Friday, June 12th.

Hedge Funds Weigh In On Central Securities

Several hedge funds and other institutional investors have recently bought and sold shares of CET. Assetmark Inc. purchased a new stake in shares of Central Securities during the 4th quarter valued at about $35,000. Bank of America Corp DE purchased a new position in shares of Central Securities during the second quarter valued at approximately $64,000. Noble Wealth Management PBC bought a new position in Central Securities during the fourth quarter valued at approximately $73,000. Level Four Advisory Services LLC bought a new position in Central Securities during the third quarter valued at approximately $212,000. Finally, Williams Jones Wealth Management LLC. purchased a new stake in Central Securities in the third quarter worth approximately $214,000. Institutional investors 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.