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

Central Securities Co. (NYSE:CET) CEO John C. Hill bought 700 shares of the stock in a transaction dated Monday, January 6th. The stock was purchased at an average price of $45.87 per share, with a total value of $32,109.00. Following the acquisition, the chief executive officer now directly owns 72,992 shares in the company, valued at approximately $3,348,143.04. The trade was a 0.97 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Central Securities Stock Down 0.2 %

Shares of Central Securities stock opened at $45.53 on Thursday. Central Securities Co. has a 52 week low of $36.89 and a 52 week high of $49.51. The stock’s fifty day moving average is $46.75 and its two-hundred day moving average is $45.44.

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 given a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20. This represents a yield of 1.3%.

Hedge Funds Weigh In On Central Securities

Several institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in Central Securities by 18.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock valued at $791,000 after acquiring an additional 2,860 shares in the last quarter. Cetera Investment Advisers boosted its position in Central Securities by 3.2% during the second quarter. Cetera Investment Advisers now owns 37,700 shares of the company’s stock valued at $1,660,000 after purchasing an additional 1,161 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Central Securities in the second quarter valued at about $2,169,000. Raymond James & Associates grew its stake in Central Securities by 1.0% in the third quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock valued at $4,567,000 after purchasing an additional 962 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Central Securities in the third quarter worth about $54,760,000. Hedge funds and other institutional investors 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.