Key Points
- Director Leo Price Blackford bought 204 shares of Central Securities stock at an average price of $52.38, a purchase worth $10,685.52. After the transaction, he held 48,050 shares valued at about $2.52 million.
- The stock recently traded around $52.45, near its 50-day and 200-day moving averages, with a 52-week range of $47.70 to $54.65.
- Central Securities also paid a $0.31 per share dividend to shareholders of record on June 12, while institutional investors currently own 8.68% of the company.
Central Securities Corporation (NYSEAMERICAN:CET - Get Free Report) Director Leo Price Blackford purchased 204 shares of the company's stock in a transaction dated Friday, June 26th. The stock was acquired at an average price of $52.38 per share, with a total value of $10,685.52. Following the completion of the transaction, the director owned 48,050 shares of the company's stock, valued at $2,516,859. This represents a 0.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Central Securities Price Performance
Shares of NYSEAMERICAN:CET opened at $52.45 on Wednesday. Central Securities Corporation has a 1 year low of $47.70 and a 1 year high of $54.65. The business's 50 day simple moving average is $52.81 and its 200 day simple moving average is $51.82.
Central Securities Announces Dividend
The business also recently announced a dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.31 per share. This represents a dividend yield of 117.0%. The ex-dividend date was Friday, June 12th.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Pinnacle Associates Ltd. bought a new position in Central Securities in the 3rd quarter valued at about $2,562,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Central Securities by 8.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company's stock worth $15,796,000 after acquiring an additional 23,696 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Central Securities by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company's stock worth $40,757,000 after acquiring an additional 17,776 shares during the period. Bulldog Investors LLP boosted its position in shares of Central Securities by 4.9% during the 3rd quarter. Bulldog Investors LLP now owns 386,046 shares of the company's stock worth $19,831,000 after acquiring an additional 17,962 shares in the last quarter. Finally, Closed End Fund Advisors Inc. bought a new position in Central Securities in the fourth quarter valued at approximately $554,000. Institutional investors own 8.68% of the company's stock.
Central Securities Company Profile
(
Get Free Report)
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.
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