Central Securities Co. (NYSE:CET) CEO John C. Hill Buys 700 Shares

Central Securities Co. (NYSE:CET) CEO John C. Hill bought 700 shares of the company’s stock in a transaction on Monday, January 6th. The shares were bought at an average price of $45.87 per share, for a total transaction of $32,109.00. Following the completion of the acquisition, the chief executive officer now directly owns 72,992 shares in the company, valued at approximately $3,348,143.04. This trade represents a 0.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Central Securities Price Performance

Shares of CET stock opened at $44.80 on Friday. Central Securities Co. has a 12-month low of $36.89 and a 12-month high of $49.51. The firm has a fifty day moving average of $46.69 and a 200-day moving average of $45.45.

Central Securities Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were issued a dividend of $2.05 per share. This represents a yield of 1.3%. The ex-dividend date was Friday, November 15th. This is a boost from Central Securities’s previous semi-annual dividend of $0.20.

Institutional Trading of Central Securities

Several hedge funds and other institutional investors have recently modified their holdings of CET. Stifel Financial Corp grew its holdings in shares of Central Securities by 4.1% during the third quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock worth $1,021,000 after buying an additional 880 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Central Securities during the 3rd quarter worth approximately $54,760,000. Pathstone Holdings LLC grew its stake in shares of Central Securities by 259.7% during the 3rd quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock worth $6,430,000 after acquiring an additional 101,226 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of Central Securities by 118.7% in the third quarter. Shaker Financial Services LLC now owns 139,353 shares of the company’s stock valued at $6,388,000 after purchasing an additional 75,646 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of Central Securities by 421.3% in the third quarter. Wolverine Asset Management LLC now owns 24,296 shares of the company’s stock worth $1,114,000 after purchasing an additional 19,635 shares in the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

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.