Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) CEO John Hill purchased 500 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were bought 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. The trade was a 0.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Central Securities Price Performance
Shares of Central Securities stock opened at $55.46 on Friday. Central Securities Corporation has a 52 week low of $47.82 and a 52 week high of $57.39. The business has a 50 day moving average price of $55.28 and a 200-day moving average price of $53.35.
Hedge Funds Weigh In On Central Securities
Large investors have recently bought and sold shares of the stock. Evolve Private Wealth LLC purchased a new position in Central Securities during the second quarter worth about $2,453,000. Brasada Capital Management LP purchased a new stake in Central Securities in the 2nd quarter valued at about $6,137,000. Rockefeller Capital Management L.P. increased its stake 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 last quarter. Roberts Glore & Co. Inc. IL bought a new position in shares of Central Securities during the 2nd quarter worth approximately $1,822,000. Finally, S&CO Inc. bought a new position in shares of Central Securities during the 2nd quarter worth approximately $798,000. 8.68% of the stock is currently owned by institutional investors.
About Central Securities
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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