10,445 Shares in Central Securities Co. $CET Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. acquired a new position in Central Securities Co. (NYSE:CET) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 10,445 shares of the company’s stock, valued at approximately $537,000.

Several other large investors have also modified their holdings of CET. Bank of America Corp DE purchased a new stake in shares of Central Securities in the second quarter worth approximately $64,000. Vista Investment Partners II LLC purchased a new position in Central Securities during the 3rd quarter valued at $203,000. Accel Wealth Management grew its position in Central Securities by 11.8% in the 3rd quarter. Accel Wealth Management now owns 8,363 shares of the company’s stock valued at $430,000 after acquiring an additional 881 shares during the last quarter. Osaic Holdings Inc. increased its stake in Central Securities by 15.1% in the second quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after purchasing an additional 1,322 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Central Securities by 104.0% during the second quarter. Envestnet Asset Management Inc. now owns 10,957 shares of the company’s stock worth $524,000 after purchasing an additional 5,585 shares during the last quarter. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Price Performance

Shares of CET opened at $52.65 on Friday. The firm has a fifty day moving average price of $51.72 and a 200-day moving average price of $50.90. Central Securities Co. has a 12-month low of $40.24 and a 12-month high of $52.95.

Insider Transactions at Central Securities

In related news, CEO John C. Hill bought 500 shares of the company’s stock in a transaction on 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 purchase, the chief executive officer directly owned 77,373 shares of the company’s stock, valued at approximately $3,939,059.43. The trade was a 0.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is currently owned by company insiders.

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.