Central Securities (NYSE:CET) Sees Strong Trading Volume – Should You Buy?

Central Securities Co. (NYSE:CET) shares saw unusually-high trading volume on Thursday . Approximately 62,071 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 44,852 shares.The stock last traded at $52.1050 and had previously closed at $52.02.

Central Securities Stock Performance

The firm has a 50 day moving average of $50.52 and a two-hundred day moving average of $50.12.

Central Securities Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, November 14th were given a $2.45 dividend. This represents a dividend yield of 1,003.0%. The ex-dividend date of this dividend was Friday, November 14th.

Insider Transactions at Central Securities

In related news, CEO John C. Hill bought 500 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was purchased 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 in the company, valued at $3,939,059.43. This trade represents a 0.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new stake in Central Securities during the second quarter worth about $63,000. Bank of America Corp DE bought a new stake in shares of Central Securities during the second quarter valued at approximately $64,000. Noble Wealth Management PBC bought a new stake in shares of Central Securities during the fourth quarter valued at approximately $73,000. Johnson Investment Counsel Inc. acquired a new position in shares of Central Securities in the second quarter valued at $201,000. Finally, Vista Investment Partners II LLC bought a new position in Central Securities in the third quarter worth $203,000. Institutional investors and hedge funds own 8.68% of the company’s stock.

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.