Central Securities (NYSEAMERICAN:CET) Sets New 52-Week High – What’s Next?

Central Securities Corporation (NYSEAMERICAN:CET) hit a new 52-week high on Friday . The stock traded as high as $55.99 and last traded at $55.9850, with a volume of 6567 shares changing hands. The stock had previously closed at $55.50.

Central Securities Trading Up 0.9%

The business has a 50-day moving average price of $54.05 and a two-hundred day moving average price of $52.73.

Institutional Investors Weigh In On Central Securities

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its holdings in Central Securities by 2.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock valued at $40,757,000 after buying an additional 17,776 shares during the period. Bulldog Investors LLP lifted its holdings in shares of Central Securities by 1.4% during the 1st quarter. Bulldog Investors LLP now owns 396,467 shares of the company’s stock worth $19,689,000 after acquiring an additional 5,521 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Central Securities by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 312,216 shares of the company’s stock worth $16,039,000 after acquiring an additional 6,912 shares during the period. 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. Finally, Brasada Capital Management LP boosted its position in shares of Central Securities by 11.5% during the 4th quarter. Brasada Capital Management LP now owns 122,996 shares of the company’s stock worth $6,240,000 after acquiring an additional 12,716 shares in the last quarter. Institutional investors own 8.68% of the company’s stock.

Central Securities Company Profile

Central Securities Corp. (NYSE American: CET) is a diversified, closed-end management investment company. Its primary objective is long-term capital appreciation, with current income considered a secondary objective. Rather than operating a conventional commercial business, the company invests shareholders’ capital in a portfolio of securities.

The fund invests primarily in publicly traded equity securities, while also maintaining exposure to other investments, including fixed-income securities and privately held companies when deemed appropriate.