Central Securities (NYSE:CET) Sets New 1-Year High on Insider Buying Activity

Shares of Central Securities Co. (NYSE:CET - Get Free Report) hit a new 52-week high during trading on Monday following insider buying activity. The company traded as high as $47.18 and last traded at $47.02, with a volume of 11232 shares trading hands. The stock had previously closed at $46.64.

Specifically, VP Andrew J. O'neill acquired 1,080 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price of $46.09 per share, with a total value of $49,777.20. Following the transaction, the vice president now owns 84,916 shares of the company's stock, valued at approximately $3,913,778.44. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Central Securities Trading Up 0.8 %

The stock's 50-day moving average is $45.41 and its two-hundred day moving average is $43.75.

Hedge Funds Weigh In On Central Securities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in Central Securities in the 3rd quarter valued at approximately $54,760,000. Raymond James & Associates boosted its position in Central Securities by 1.0% in the 3rd quarter. Raymond James & Associates now owns 99,620 shares of the company's stock valued at $4,567,000 after buying an additional 962 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in Central Securities by 2.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 95,565 shares of the company's stock valued at $4,207,000 after buying an additional 1,911 shares during the period. Matisse Capital purchased a new position in Central Securities in the 1st quarter valued at approximately $2,506,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Central Securities in the 2nd quarter valued at $2,169,000. 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.