Central Securities Co. (NYSE:CET) CEO Purchases $28,026.00 in Stock

Central Securities Co. (NYSE:CET) CEO John C. Hill purchased 600 shares of the stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $46.71 per share, for a total transaction of $28,026.00. Following the transaction, the chief executive officer now owns 69,296 shares of the company’s stock, valued at approximately $3,236,816.16. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Central Securities Stock Up 0.4 %

CET stock traded up $0.18 during trading hours on Friday, hitting $46.73. 15,575 shares of the stock were exchanged, compared to its average volume of 31,203. Central Securities Co. has a 12 month low of $34.77 and a 12 month high of $47.38. The company has a 50-day simple moving average of $45.61 and a two-hundred day simple moving average of $43.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC raised its position in 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 purchasing an additional 4,579 shares during the last quarter. Wittenberg Investment Management Inc. acquired a new stake in Central Securities in the first quarter worth $217,000. Raymond James Trust N.A. bought a new position in shares of Central Securities in the second quarter valued at $222,000. Evanson Asset Management LLC lifted its stake in shares of Central Securities by 12.4% in the second quarter. Evanson Asset Management LLC now owns 5,576 shares of the company’s stock valued at $245,000 after buying an additional 615 shares in the last quarter. Finally, Essex Financial Services Inc. bought a new position in shares of Central Securities in the second quarter valued at $302,000. Institutional investors and hedge funds 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.