Central Securities Co. (NYSE:CET) VP Andrew J. O’neill Buys 1,309 Shares

Central Securities Co. (NYSE:CET) VP Andrew J. O’neill bought 1,309 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were bought at an average cost of $45.65 per share, for a total transaction of $59,755.85. Following the purchase, the vice president now owns 88,146 shares of the company’s stock, valued at approximately $4,023,864.90. The trade was a 1.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Central Securities Stock Down 0.1 %

Shares of CET traded down $0.05 during trading hours on Wednesday, reaching $45.55. The stock had a trading volume of 6,740 shares, compared to its average volume of 31,048. Central Securities Co. has a 12 month low of $36.89 and a 12 month high of $49.51. The company’s 50-day moving average is $46.78 and its two-hundred day moving average is $45.44.

Central Securities Increases Dividend

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

Institutional Trading of Central Securities

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in Central Securities by 18.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock worth $791,000 after buying an additional 2,860 shares during the period. Cetera Investment Advisers raised its stake in shares of Central Securities by 3.2% during the second quarter. Cetera Investment Advisers now owns 37,700 shares of the company’s stock valued at $1,660,000 after acquiring an additional 1,161 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Central Securities during the second quarter worth $2,169,000. Raymond James & Associates grew its stake in shares of Central Securities by 1.0% in the third quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock worth $4,567,000 after purchasing an additional 962 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Central Securities in the third quarter valued at $54,760,000. 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.