John C. Hill Purchases 300 Shares of Central Securities Co. (NYSE:CET) Stock

Central Securities Co. (NYSE:CET) CEO John C. Hill bought 300 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $40.77 per share, with a total value of $12,231.00. Following the purchase, the chief executive officer now directly owns 68,547 shares of the company’s stock, valued at $2,794,661.19. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Central Securities Stock Performance

Shares of Central Securities stock traded up $0.03 on Thursday, reaching $40.82. 20,722 shares of the company’s stock were exchanged, compared to its average volume of 38,086. The business has a 50-day moving average price of $40.40. Central Securities Co. has a 52 week low of $33.85 and a 52 week high of $41.99.

Hedge Funds Weigh In On Central Securities

Hedge funds have recently added to or reduced their stakes in the stock. Bulldog Investors LLP lifted its holdings in shares of Central Securities by 2.3% in the fourth quarter. Bulldog Investors LLP now owns 249,645 shares of the company’s stock valued at $9,429,000 after purchasing an additional 5,562 shares in the last quarter. Shaker Financial Services LLC lifted its stake in Central Securities by 1.4% during the 4th quarter. Shaker Financial Services LLC now owns 210,770 shares of the company’s stock valued at $7,961,000 after acquiring an additional 2,884 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Central Securities by 0.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 209,056 shares of the company’s stock worth $7,411,000 after acquiring an additional 1,516 shares during the last quarter. Raymond James & Associates grew its stake in shares of Central Securities by 1.9% in the 4th quarter. Raymond James & Associates now owns 107,307 shares of the company’s stock worth $4,053,000 after acquiring an additional 1,996 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Central Securities in the fourth quarter valued at about $37,180,000. 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.