John C. Hill Purchases 700 Shares of Central Securities Co. (NYSE:CET) Stock

Central Securities Co. (NYSE:CET) CEO John C. Hill purchased 700 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was acquired at an average price of $45.87 per share, for a total transaction of $32,109.00. Following the completion of the transaction, the chief executive officer now directly owns 72,992 shares of the company’s stock, valued at approximately $3,348,143.04. This trade represents a 0.97 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Central Securities Stock Down 0.2 %

Shares of Central Securities stock opened at $45.53 on Friday. The stock’s fifty day moving average is $46.73 and its 200 day moving average is $45.44. Central Securities Co. has a one year low of $36.89 and a one year high of $49.51.

Central Securities Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were paid a dividend of $2.05 per share. The ex-dividend date was Friday, November 15th. This is an increase from Central Securities’s previous semi-annual dividend of $0.20. This represents a dividend yield of 1.3%.

Institutional Investors Weigh In On Central Securities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smithfield Trust Co purchased a new position in shares of Central Securities in the third quarter valued at about $203,000. Landscape Capital Management L.L.C. boosted its position in shares of Central Securities by 15.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 9,038 shares of the company’s stock valued at $414,000 after acquiring an additional 1,220 shares during the last quarter. Neville Rodie & Shaw Inc. lifted its position in Central Securities by 54.5% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 17,000 shares of the company’s stock valued at $777,000 after purchasing an additional 6,000 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Central Securities by 18.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock worth $791,000 after acquiring an additional 2,860 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Central Securities by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock worth $1,021,000 after purchasing an additional 880 shares during the period. Institutional investors 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.