Key Points
- Central Securities CEO John Hill purchased 500 shares at an average price of $56.37, investing $28,185 and increasing his direct ownership by 0.64% to 78,101 shares.
- Central Securities shares opened at $55.46, down 0.5%, with the stock trading between a 52-week low of $47.82 and high of $57.39.
- Institutional investors have recently built positions in the closed-end investment company, which is 8.68% owned by hedge funds and other institutional investors.
Central Securities Corporation (NYSEAMERICAN:CET - Get Free Report) CEO John Hill acquired 500 shares of Central Securities stock in a transaction on Tuesday, October 6th. The stock was acquired at an average price of $56.37 per share, with a total value of $28,185.00. Following the purchase, the chief executive officer directly owned 78,101 shares in the company, valued at approximately $4,402,553.37. This trade represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Central Securities Stock Down 0.5%
Shares of Central Securities stock opened at $55.46 on Friday. Central Securities Corporation has a 1 year low of $47.82 and a 1 year high of $57.39. The stock has a fifty day moving average price of $55.28 and a 200-day moving average price of $53.35.
Institutional Trading of Central Securities
Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new stake in Central Securities in the second quarter worth about $42,000. Susquehanna International Group LLP bought a new position in shares of Central Securities during the 2nd quarter valued at approximately $269,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Central Securities by 62.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,756 shares of the company's stock worth $92,000 after purchasing an additional 677 shares during the last quarter. Brasada Capital Management LP purchased a new stake in shares of Central Securities during the 2nd quarter worth approximately $6,137,000. Finally, Roberts Glore & Co. Inc. IL bought a new stake in shares of Central Securities in the 2nd quarter worth approximately $1,822,000. Hedge funds and other institutional investors own 8.68% of the company's stock.
About Central Securities
(
Get Free Report)
Central Securities Corporation is a closed-end investment company listed on the NYSE American under the symbol CET. The company invests in a portfolio of securities with the objective of achieving long-term capital appreciation. As a closed-end fund, it raises capital through its permanent share structure and invests in publicly traded and, at times, privately held companies.
The fund's portfolio may include common stocks, convertible securities and other investments across a range of industries and market sectors.
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