Central Securities (NYSEAMERICAN:CET) Reaches New 1-Year High – Here’s What Happened

Shares of Central Securities Corporation (NYSEAMERICAN:CET) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.80 and last traded at $54.6850, with a volume of 8070 shares changing hands. The stock had previously closed at $54.48.

Central Securities Stock Down 0.7%

The business’s fifty day simple moving average is $52.78 and its 200 day simple moving average is $52.16.

Central Securities Announces Dividend

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

Institutional Trading of Central Securities

Several hedge funds have recently made changes to their positions in the stock. Williams Jones Wealth Management LLC. lifted its position in Central Securities by 4.9% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 4,376 shares of the company’s stock worth $222,000 after purchasing an additional 204 shares during the period. UBS Group AG grew its holdings in Central Securities by 0.4% during the third quarter. UBS Group AG now owns 58,725 shares of the company’s stock worth $3,017,000 after acquiring an additional 246 shares during the period. King Luther Capital Management Corp raised its position in Central Securities by 4.9% in the fourth quarter. King Luther Capital Management Corp now owns 9,688 shares of the company’s stock worth $491,000 after acquiring an additional 452 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Central Securities by 4.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,957 shares of the company’s stock valued at $556,000 after purchasing an additional 512 shares in the last quarter. Finally, Assetmark Inc. acquired a new position in shares of Central Securities in the 4th quarter worth approximately $35,000. Institutional investors own 8.68% of the company’s stock.

Central Securities Company Profile

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.