Central Securities Co. (NYSE:CET) CEO Purchases $12,231.00 in Stock

Central Securities Co. (NYSE:CET) CEO John C. Hill purchased 300 shares of the stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $40.77 per share, with a total value of $12,231.00. Following the completion of the purchase, the chief executive officer now owns 68,547 shares in the company, valued at $2,794,661.19. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Central Securities Price Performance

NYSE CET opened at $41.08 on Friday. The business’s 50 day simple moving average is $40.49. Central Securities Co. has a 52-week low of $33.85 and a 52-week high of $41.99.

Institutional Investors Weigh In On Central Securities

Several large investors have recently made changes to their positions in CET. International Assets Investment Management LLC acquired a new stake in Central Securities during the 4th quarter valued at $37,180,000. AQR Arbitrage LLC lifted its holdings in Central Securities by 132.6% during the 3rd quarter. AQR Arbitrage LLC now owns 40,935 shares of the company’s stock valued at $1,451,000 after purchasing an additional 23,339 shares during the last quarter. Raymond James & Associates lifted its holdings in Central Securities by 1.9% during the 4th quarter. Raymond James & Associates now owns 107,307 shares of the company’s stock valued at $4,053,000 after purchasing an additional 1,996 shares during the last quarter. Quad Cities Investment Group LLC lifted its holdings in Central Securities by 3.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 7,503 shares of the company’s stock valued at $281,000 after purchasing an additional 268 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its holdings in Central Securities by 15.6% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 11,500 shares of the company’s stock valued at $408,000 after purchasing an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

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.