Central Securities Co. (NYSE:CET) VP Andrew J. O’neill Purchases 1,309 Shares

Central Securities Co. (NYSE:CET) VP Andrew J. O’neill bought 1,309 shares of the stock in a transaction dated Monday, January 6th. The shares were purchased at an average cost of $45.65 per share, for a total transaction of $59,755.85. Following the completion of the transaction, the vice president now directly owns 88,146 shares of the company’s stock, valued at $4,023,864.90. This trade represents a 1.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Central Securities Stock 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 simple moving average of $46.69 and a two-hundred day simple moving average of $45.45.

Central Securities Increases Dividend

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

Hedge Funds Weigh In On Central Securities

Hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its holdings in shares of Central Securities by 4.1% in the third quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock valued at $1,021,000 after purchasing an additional 880 shares in the last quarter. International Assets Investment Management LLC bought a new position in Central Securities during the 3rd quarter valued at $54,760,000. Pathstone Holdings LLC boosted its holdings in 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 during the last quarter. Shaker Financial Services LLC grew its stake in shares of Central Securities by 118.7% in the 3rd quarter. Shaker Financial Services LLC now owns 139,353 shares of the company’s stock worth $6,388,000 after acquiring an additional 75,646 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings 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 valued at $1,114,000 after purchasing an additional 19,635 shares during the last quarter. Institutional investors and hedge funds 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.