Central Securities (NYSEAMERICAN:CET) Reaches New 52-Week High – Here’s Why

Shares of Central Securities Corporation (NYSEAMERICAN:CET) hit a new 52-week high during trading on Wednesday . The company traded as high as $53.40 and last traded at $52.63, with a volume of 19149 shares. The stock had previously closed at $52.75.

Central Securities Stock Performance

The firm has a 50 day moving average price of $51.21 and a two-hundred day moving average price of $51.07.

Institutional Investors Weigh In On Central Securities

A number of hedge funds have recently bought and sold shares of the business. Assetmark Inc. acquired a new position in shares of Central Securities in the 4th quarter valued at approximately $35,000. Bank of America Corp DE purchased a new position in shares of Central Securities during the 2nd quarter valued at approximately $64,000. Noble Wealth Management PBC acquired a new stake in shares of Central Securities during the fourth quarter worth approximately $73,000. Vista Investment Partners II LLC acquired a new stake in shares of Central Securities during the third quarter worth approximately $203,000. Finally, Level Four Advisory Services LLC bought a new stake in shares of Central Securities in the third quarter worth $212,000. 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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.