Park Avenue Securities LLC Buys New Shares in Central Securities Co. $CET

Key Points

• Park Avenue Securities LLC acquired a new stake in Central Securities Co. by purchasing 5,914 shares valued at approximately $283,000 during the second quarter.
• Other institutional investors have also increased their stakes in Central Securities, with Farther Finance Advisors LLC raising its stake by 763.5% in the first quarter.
• Central Securities Co. shares opened at $51.37 and have a one-year price range of $40.24 to $52.08.

Park Avenue Securities LLC bought a new stake in Central Securities Co. (NYSE:CET - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,914 shares of the company's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CET. Farther Finance Advisors LLC raised 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 buying an additional 565 shares in the last quarter. NBC Securities Inc. acquired a new stake in Central Securities in the first quarter valued at $42,000. Stolper Co acquired a new stake in Central Securities in the second quarter valued at $208,000. Landscape Capital Management L.L.C. raised its stake in Central Securities by 13.0% in the first quarter. Landscape Capital Management L.L.C. now owns 6,393 shares of the company's stock valued at $287,000 after buying an additional 734 shares in the last quarter. Finally, Joel Isaacson & Co. LLC acquired a new stake in Central Securities in the first quarter valued at $678,000. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

Central Securities Stock Performance

Central Securities stock opened at $51.37 on Wednesday. Central Securities Co. has a 1-year low of $40.24 and a 1-year high of $52.08. The stock's fifty day moving average is $49.84 and its two-hundred day moving average is $47.19.

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.

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