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

Central Securities Co. (NYSE:CET) VP Andrew J. O’neill bought 1,309 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were acquired at an average cost of $45.65 per share, for a total transaction of $59,755.85. Following the completion of the transaction, the vice president now owns 88,146 shares of the company’s stock, valued at approximately $4,023,864.90. The trade was a 1.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Central Securities Stock Performance

Shares of NYSE CET opened at $45.53 on Friday. The business has a 50 day moving average price of $46.73 and a two-hundred day moving average price of $45.44. Central Securities Co. has a fifty-two week low of $36.89 and a fifty-two week high of $49.51.

Central Securities Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV increased its position in shares of Central Securities by 18.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock worth $791,000 after purchasing an additional 2,860 shares during the last quarter. Cetera Investment Advisers increased its holdings in Central Securities by 3.2% in the second quarter. Cetera Investment Advisers now owns 37,700 shares of the company’s stock valued at $1,660,000 after buying an additional 1,161 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Central Securities during the second quarter valued at approximately $2,169,000. Raymond James & Associates lifted its holdings in Central Securities by 1.0% during the 3rd quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock worth $4,567,000 after buying an additional 962 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Central Securities during the 3rd quarter worth approximately $54,760,000. 8.68% of the stock is currently owned by institutional investors.

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.