Central Securities Co. (NYSE:CET) VP Acquires $59,755.85 in Stock

Central Securities Co. (NYSE:CET) VP Andrew J. O’neill acquired 1,309 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average cost of $45.65 per share, with a total value of $59,755.85. Following the purchase, the vice president now owns 88,146 shares in the company, valued at $4,023,864.90. This represents a 1.51 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Central Securities Stock Performance

Shares of Central Securities stock opened at $45.53 on Thursday. The stock’s 50 day simple moving average is $46.75 and its 200-day simple moving average is $45.44. Central Securities Co. has a 1-year low of $36.89 and a 1-year high of $49.51.

Central Securities Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a yield of 1.3%. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20.

Institutional Trading of Central Securities

Large investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co acquired a new position in shares of Central Securities during the 3rd quarter valued at about $203,000. Landscape Capital Management L.L.C. raised its position in shares of Central Securities by 15.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 9,038 shares of the company’s stock valued at $414,000 after buying an additional 1,220 shares during the period. Neville Rodie & Shaw Inc. raised its position in Central Securities by 54.5% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 17,000 shares of the company’s stock valued at $777,000 after purchasing an additional 6,000 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Central Securities by 18.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock valued at $791,000 after buying an additional 2,860 shares during the period. Finally, Stifel Financial Corp lifted its position in Central Securities by 4.1% in the third quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock valued at $1,021,000 after buying an additional 880 shares during the last quarter. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

About Central Securities

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.