Central Securities (NYSE:CET) Shares Up 0% – Here’s Why

Central Securities Co. (NYSE:CET) shares traded up 0% during trading on Monday . The company traded as high as $52.62 and last traded at $52.14. 39,286 shares were traded during trading, a decline of 21% from the average session volume of 49,661 shares. The stock had previously closed at $52.13.

Central Securities Stock Up 0.0%

The firm has a fifty day simple moving average of $51.34 and a 200 day simple moving average of $50.62.

Insider Activity at Central Securities

In other Central Securities news, CEO John C. Hill bought 500 shares of the firm’s stock in a transaction dated Monday, December 29th. The shares were acquired at an average cost of $50.91 per share, for a total transaction of $25,455.00. Following the transaction, the chief executive officer owned 77,373 shares in the company, valued at approximately $3,939,059.43. The trade was a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 9.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CET. UBS Group AG boosted its holdings in Central Securities by 0.4% during the third quarter. UBS Group AG now owns 58,725 shares of the company’s stock valued at $3,017,000 after purchasing an additional 246 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Central Securities by 4.9% in the 4th quarter. Park Avenue Securities LLC now owns 6,203 shares of the company’s stock worth $315,000 after buying an additional 289 shares in the last quarter. Accel Wealth Management lifted its position in shares of Central Securities by 4.1% during the 4th quarter. Accel Wealth Management now owns 8,704 shares of the company’s stock worth $441,000 after buying an additional 341 shares during the period. King Luther Capital Management Corp boosted its stake in Central Securities by 4.9% in the 4th quarter. King Luther Capital Management Corp now owns 9,688 shares of the company’s stock valued at $491,000 after buying an additional 452 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Central Securities by 4.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,957 shares of the company’s stock valued at $556,000 after buying an additional 512 shares in the last quarter. Institutional investors own 8.68% of the company’s stock.

About Central Securities

Central Securities Corporation (NYSE: CET) is a diversified, closed-end management investment company that has operated since its incorporation in 1927. Listed on the New York Stock Exchange, the company offers investors access to a blend of equity and fixed-income strategies within a single vehicle. Headquartered in St. Louis, Missouri, Central Securities seeks to deliver total return through a combination of dividend income and capital appreciation.

The company’s investment strategy emphasizes a core allocation to U.S.