Central Securities (NYSE:CET) Sees Unusually-High Trading Volume – Here’s What Happened

Central Securities Co. (NYSE:CET) saw unusually-high trading volume on Monday . Approximately 89,908 shares traded hands during trading, an increase of 247% from the previous session’s volume of 25,895 shares.The stock last traded at $45.63 and had previously closed at $45.30.

Central Securities Trading Down 0.9 %

The business has a fifty day simple moving average of $46.69 and a two-hundred day simple moving average of $46.47.

Insider Buying and Selling

In other news, CEO John C. Hill bought 700 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average price of $45.87 per share, with a total value of $32,109.00. Following the completion of the transaction, the chief executive officer now directly owns 72,992 shares of the company’s stock, valued at approximately $3,348,143.04. The trade was a 0.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew J. O’neill bought 1,309 shares of the stock in a transaction on Monday, January 6th. The stock was purchased at an average price of $45.65 per share, with a total value of $59,755.85. Following the completion of the purchase, the vice president now owns 88,146 shares of the company’s stock, valued at $4,023,864.90. This represents a 1.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. purchased a new stake in shares of Central Securities during the fourth quarter worth about $25,000. Stolper Co acquired a new position in Central Securities during the 4th quarter valued at approximately $203,000. Commonwealth Equity Services LLC raised its holdings in shares of Central Securities by 14.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,780 shares of the company’s stock worth $264,000 after buying an additional 751 shares during the last quarter. Confluence Wealth Services Inc. raised its holdings in shares of Central Securities by 4.3% in the fourth quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock worth $294,000 after buying an additional 254 shares during the last quarter. Finally, Quad Cities Investment Group LLC lifted its stake in shares of Central Securities by 4.3% during the fourth quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company’s stock worth $315,000 after buying an additional 286 shares during the period. 8.68% of the stock is owned by institutional investors and hedge funds.

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.