Central Securities (NYSE:CET) Sees Strong Trading Volume – Here’s What Happened

Central Securities Co. (NYSE:CET) shares saw an uptick in trading volume on Monday . 19,581 shares changed hands during mid-day trading, a decline of 33% from the previous session’s volume of 29,140 shares.The stock last traded at $48.8840 and had previously closed at $48.48.

Central Securities Price Performance

The business has a 50-day moving average of $50.79 and a 200 day moving average of $49.15.

Central Securities Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 14th will be given a dividend of $2.45 per share. This represents a dividend yield of 1,003.0%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bulldog Investors LLP lifted its stake in shares of Central Securities by 4.9% in the third quarter. Bulldog Investors LLP now owns 386,046 shares of the company’s stock valued at $19,831,000 after buying an additional 17,962 shares in the last quarter. Raymond James Financial Inc. lifted its position in Central Securities by 2.3% in the 3rd quarter. Raymond James Financial Inc. now owns 312,216 shares of the company’s stock valued at $16,039,000 after acquiring an additional 6,912 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Central Securities by 14.8% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company’s stock valued at $14,784,000 after purchasing an additional 37,099 shares during the last quarter. Shaker Financial Services LLC increased its holdings in Central Securities by 17.1% during the 2nd quarter. Shaker Financial Services LLC now owns 211,722 shares of the company’s stock worth $10,133,000 after purchasing an additional 30,909 shares in the last quarter. Finally, Chilton Investment Co. Inc. raised its stake in shares of Central Securities by 1.0% in the third quarter. Chilton Investment Co. Inc. now owns 102,254 shares of the company’s stock worth $5,253,000 after purchasing an additional 1,000 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.