Central Securities (NYSEAMERICAN:CET) Director Leo Price Blackford Acquires 204 Shares

Central Securities Corporation (NYSEAMERICAN:CET) Director Leo Price Blackford bought 204 shares of Central Securities stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of $52.38 per share, for a total transaction of $10,685.52. Following the completion of the transaction, the director directly owned 48,050 shares in the company, valued at approximately $2,516,859. This trade represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Central Securities Trading Up 0.7%

NYSEAMERICAN CET traded up $0.38 during trading hours on Tuesday, reaching $52.51. 16,873 shares of the company’s stock traded hands, compared to its average volume of 40,665. Central Securities Corporation has a 52-week low of $47.70 and a 52-week high of $54.65. The firm has a 50-day simple moving average of $52.83 and a 200 day simple moving average of $51.81.

Central Securities Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.31 dividend. The ex-dividend date was Friday, June 12th. This represents a dividend yield of 117.0%.

Institutional Investors Weigh In On Central Securities

Institutional investors have recently modified their holdings of the stock. Assetmark Inc. purchased a new stake in Central Securities during the 4th quarter valued at about $35,000. Bank of America Corp DE purchased a new position in Central Securities in the second quarter worth about $64,000. Noble Wealth Management PBC bought a new position in shares of Central Securities in the fourth quarter worth approximately $73,000. Level Four Advisory Services LLC bought a new position in shares of Central Securities in the third quarter worth approximately $212,000. Finally, Williams Jones Wealth Management LLC. purchased a new stake in shares of Central Securities during the third quarter valued at approximately $214,000. 8.68% of the stock is owned by hedge funds and other 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.