Key Points
- CEO John Hill bought 500 shares on Dec. 29 at an average price of $50.91 (total ~$25,455), increasing his direct holdings to 77,373 shares (a 0.65% rise) valued at about $3.94M.
- Central Securities paid a $2.45 dividend (investors of record Nov. 14, paid Dec. 19); the article reports this represents a 1,003.0% dividend yield.
- Shares opened at $51.93 (up 1.2%), trading near a 12‑month high of $52.44 with 50‑day/200‑day moving averages of $50.40/$49.94, and institutional investors own roughly 8.68% of the stock.
Central Securities Co. (NYSE:CET - Get Free Report) CEO John Hill acquired 500 shares of the company's stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $50.91 per share, for a total transaction of $25,455.00. Following the acquisition, the chief executive officer directly owned 77,373 shares of the company's stock, valued at $3,939,059.43. The trade was a 0.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Central Securities Trading Up 1.2%
NYSE CET opened at $51.93 on Wednesday. The company has a 50 day moving average price of $50.40 and a two-hundred day moving average price of $49.94. Central Securities Co. has a 12-month low of $40.24 and a 12-month high of $52.44.
Central Securities Announces Dividend
The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Friday, November 14th were paid a $2.45 dividend. This represents a dividend yield of 1,003.0%. The ex-dividend date of this dividend was Friday, November 14th.
Hedge Funds Weigh In On Central Securities
Institutional investors have recently bought and sold shares of the stock. Bulldog Investors LLP lifted its position in shares of Central Securities by 4.9% in the third quarter. Bulldog Investors LLP now owns 386,046 shares of the company's stock worth $19,831,000 after buying an additional 17,962 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Central Securities by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 312,216 shares of the company's stock valued at $16,039,000 after acquiring an additional 6,912 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Central Securities by 14.8% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company's stock valued at $14,784,000 after acquiring an additional 37,099 shares in the last quarter. Shaker Financial Services LLC lifted its holdings in Central Securities by 17.1% in the 2nd quarter. Shaker Financial Services LLC now owns 211,722 shares of the company's stock worth $10,133,000 after purchasing an additional 30,909 shares during the last quarter. Finally, Chilton Investment Co. Inc. lifted its holdings in Central Securities by 1.0% in the 3rd quarter. Chilton Investment Co. Inc. now owns 102,254 shares of the company's stock worth $5,253,000 after purchasing an additional 1,000 shares during the last quarter. 8.68% of the stock is currently owned by institutional investors.
Central Securities Company Profile
(
Get Free Report)
Central Securities Corporation (NYSE: CET) is a diversified, closed-end management investment company that has operated since its incorporation in 1927. Listed on the New York Stock Exchange, the company offers investors access to a blend of equity and fixed-income strategies within a single vehicle. Headquartered in St. Louis, Missouri, Central Securities seeks to deliver total return through a combination of dividend income and capital appreciation.
The company's investment strategy emphasizes a core allocation to U.S.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
