Central Securities (NYSE:CET) Sees Unusually-High Trading Volume

Central Securities Co. (NYSE:CET) shares saw an uptick in trading volume on Friday . 224,575 shares changed hands during trading, an increase of 629% from the previous session’s volume of 30,802 shares.The stock last traded at $43.00 and had previously closed at $43.24.

Central Securities Trading Down 1.5 %

The firm has a 50-day moving average of $43.73 and a two-hundred day moving average of $41.28.

Central Securities Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were paid a $0.20 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 14th.

Institutional Trading of Central Securities

Hedge funds have recently made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new stake in shares of Central Securities during the first quarter valued at about $35,000. Wolverine Asset Management LLC raised its position in shares of Central Securities by 5,584.1% during the second quarter. Wolverine Asset Management LLC now owns 4,661 shares of the company’s stock worth $205,000 after acquiring an additional 4,579 shares during the last quarter. Evanson Asset Management LLC bought a new position in shares of Central Securities during the first quarter worth about $207,000. Raymond James Trust N.A. bought a new position in shares of Central Securities during the second quarter worth about $222,000. Finally, Wittenberg Investment Management Inc. bought a new position in shares of Central Securities during the first quarter worth about $217,000. 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.