Raymond James Financial Inc. Makes New Investment in Central Securities Co. (NYSE:CET)

Raymond James Financial Inc. acquired a new position in Central Securities Co. (NYSE:CET - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 299,650 shares of the company's stock, valued at approximately $13,691,000. Raymond James Financial Inc. owned about 1.06% of Central Securities at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CET. Armstrong Advisory Group Inc. purchased a new position in shares of Central Securities during the 4th quarter valued at $25,000. Stolper Co purchased a new position in shares of Central Securities during the 4th quarter valued at $203,000. Smithfield Trust Co purchased a new position in shares of Central Securities during the 3rd quarter valued at $203,000. Confluence Wealth Services Inc. lifted its position in shares of Central Securities by 4.3% during the 4th quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company's stock valued at $294,000 after buying an additional 254 shares during the last quarter. Finally, Quad Cities Investment Group LLC lifted its position in shares of Central Securities by 4.3% during the 4th quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company's stock valued at $315,000 after buying an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 8.68% of the company's stock.

Central Securities Stock Down 0.2 %

Shares of NYSE CET traded down $0.08 during trading on Friday, reaching $45.30. 12,164 shares of the stock traded hands, compared to its average volume of 26,146. Central Securities Co. has a 52-week low of $40.08 and a 52-week high of $49.51. The company has a 50-day moving average of $46.66 and a 200-day moving average of $46.43.

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Insider Activity at Central Securities

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

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.