Central Securities (NYSE:CET) Reaches New 12-Month High - Here's Why

Key Points

• Central Securities Co. shares reached a new 52-week high at $52.09, closing at $51.85 on Monday with a trading volume of 18,096 shares.
• Institutional investors have significantly increased their positions in Central Securities, with notable increases including a 763.5% boost by Farther Finance Advisors LLC in the first quarter.
• Central Securities Corp. is a publicly owned investment manager, focusing its investments predominantly in the public equity markets of the United States as well as other asset classes.

Shares of Central Securities Co. (NYSE:CET - ) reached a new 52-week high on Monday . The company traded as high as $52.09 and last traded at $51.85, with a volume of 18096 shares trading hands. The stock had previously closed at $51.98.

Central Securities Price Performance

The company's 50 day moving average price is $50.02 and its two-hundred day moving average price is $47.33.

Hedge Funds Weigh In On Central Securities

Several institutional investors have recently made changes to their positions in the company. NBC Securities Inc. bought a new position in Central Securities in the first quarter worth approximately $42,000. Farther Finance Advisors LLC boosted its stake in Central Securities by 763.5% in the first quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock valued at $29,000 after acquiring an additional 565 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Central Securities by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,294 shares of the company's stock worth $733,000 after purchasing an additional 300 shares during the last quarter. Joel Isaacson & Co. LLC acquired a new position in shares of Central Securities during the first quarter worth $678,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Central Securities by 8.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 207,993 shares of the company's stock valued at $9,351,000 after purchasing an additional 15,352 shares during the last quarter. Hedge funds and other institutional investors own 8.68% of the company's stock.

About Central Securities

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.