Insider Buying: Central Securities (NYSEAMERICAN:CET) Director Buys $10,685.52 in Stock

Central Securities Corporation (NYSEAMERICAN:CET) Director Leo Price Blackford acquired 204 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was bought at an average price of $52.38 per share, with a total value of $10,685.52. Following the completion of the acquisition, the director directly owned 48,050 shares in the company, valued at approximately $2,516,859. This represents a 0.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Central Securities Price Performance

CET stock opened at $52.70 on Friday. Central Securities Corporation has a 1 year low of $47.76 and a 1 year high of $54.65. The firm has a 50-day moving average of $52.82 and a 200 day moving average of $51.85.

Central Securities Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.31 per share. The ex-dividend date was Friday, June 12th. This represents a dividend yield of 117.0%.

Institutional Trading of Central Securities

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. purchased a new stake in shares of Central Securities during the 4th quarter valued at about $35,000. Bank of America Corp DE purchased a new stake in Central Securities during the second quarter valued at approximately $64,000. Noble Wealth Management PBC bought a new stake in shares of Central Securities in the 4th quarter valued at approximately $73,000. Level Four Advisory Services LLC bought a new stake in shares of Central Securities in the 3rd quarter valued at approximately $212,000. Finally, Williams Jones Wealth Management LLC. bought a new stake in shares of Central Securities in the 3rd quarter valued at approximately $214,000. 8.68% of the stock is currently owned by institutional investors.

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.