Andrew J. O'neill Purchases 1,309 Shares of Central Securities Co. (NYSE:CET) Stock

Central Securities Co. (NYSE:CET - Get Free Report) VP Andrew J. O'neill bought 1,309 shares of the company's stock in a transaction on Monday, January 6th. The shares were acquired at an average price of $45.65 per share, for a total transaction of $59,755.85. Following the transaction, the vice president now directly owns 88,146 shares in the company, valued at $4,023,864.90. This trade represents a 1.51 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Central Securities Price Performance

Central Securities stock traded down $0.07 during midday trading on Wednesday, reaching $45.53. The company's stock had a trading volume of 12,020 shares, compared to its average volume of 32,104. Central Securities Co. has a fifty-two week low of $36.89 and a fifty-two week high of $49.51. The stock's 50 day simple moving average is $46.78 and its 200 day simple moving average is $45.44.

Central Securities Increases Dividend

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

Hedge Funds Weigh In On Central Securities

Several hedge funds have recently bought and sold shares of CET. Smithfield Trust Co acquired a new stake in shares of Central Securities in the third quarter valued at approximately $203,000. Landscape Capital Management L.L.C. grew its holdings in Central Securities by 15.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 9,038 shares of the company's stock valued at $414,000 after buying an additional 1,220 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in Central Securities by 54.5% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 17,000 shares of the company's stock worth $777,000 after buying an additional 6,000 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Central Securities by 18.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company's stock worth $791,000 after acquiring an additional 2,860 shares during the last quarter. Finally, Stifel Financial Corp lifted its position 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 acquiring an additional 880 shares in the last quarter. 8.68% of the stock is owned by hedge funds and other institutional investors.

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.