Central Securities (NYSE:CET) Hits New 1-Year High - Should You Buy?

Central Securities Co. (NYSE:CET - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $46.64 and last traded at $46.60, with a volume of 3458 shares traded. The stock had previously closed at $46.47.

Central Securities Trading Up 0.3 %

The business has a 50-day simple moving average of $44.77 and a two-hundred day simple moving average of $43.42.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CET. Harbor Investment Advisory LLC bought a new position in Central Securities during the first quarter worth $35,000. Wolverine Asset Management LLC lifted its stake in shares of Central Securities by 5,584.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,661 shares of the company's stock worth $205,000 after buying an additional 4,579 shares during the last quarter. Evanson Asset Management LLC bought a new stake in shares of Central Securities during the 1st quarter worth about $207,000. Wittenberg Investment Management Inc. acquired a new position in Central Securities in the 1st quarter valued at about $217,000. Finally, Raymond James Trust N.A. bought a new position in Central Securities in the 2nd quarter valued at about $222,000. 8.68% of the stock is owned by institutional investors and hedge funds.

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.