Central Securities (NYSEAMERICAN:CET) Sees Large Volume Increase – Time to Buy?

Shares of Central Securities Corporation (NYSEAMERICAN:CET) saw unusually-high trading volume on Friday . Approximately 29,852 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 41,887 shares.The stock last traded at $53.2190 and had previously closed at $53.25.

Central Securities Trading Down 0.7%

The business’s fifty day moving average price is $51.48 and its 200 day moving average price is $51.25.

Hedge Funds Weigh In On Central Securities

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. bought a new position in shares of Central Securities during the 4th quarter worth about $35,000. Bank of America Corp DE bought a new position in shares of Central Securities during the 2nd quarter worth about $64,000. Noble Wealth Management PBC bought a new position in shares of Central Securities during the 4th quarter worth about $73,000. Vista Investment Partners II LLC bought a new position in shares of Central Securities during the 3rd quarter worth about $203,000. Finally, Level Four Advisory Services LLC bought a new position in shares of Central Securities during the 3rd quarter worth about $212,000. 8.68% of the stock is owned by institutional investors.

About Central Securities

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.