Central Securities (NYSEAMERICAN:CET) CEO Acquires 500 Shares of Stock

Key Points

• CEO John Hill purchased 500 Central Securities shares at an average price of $56.37, investing $28,185 and increasing his ownership by 0.64% to 78,101 shares.
• CET shares recently traded at $55.77, near the top of their $47.82–$57.39 one-year range, with the 50-day and 200-day moving averages at $55.21 and $53.31, respectively.
• Institutional investors collectively own 8.68% of Central Securities, with several hedge funds recently increasing their positions.

Central Securities Corporation (NYSEAMERICAN:CET - Get Free Report) CEO John Hill purchased 500 shares of the business's stock in a transaction dated Tuesday, October 6th. The shares were purchased at an average price of $56.37 per share, for a total transaction of $28,185.00. Following the acquisition, the chief executive officer owned 78,101 shares of the company's stock, valued at approximately $4,402,553.37. The trade was a 0.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Central Securities Price Performance

Shares of CET traded up $0.06 on Thursday, hitting $55.77. 4,098 shares of the stock traded hands, compared to its average volume of 36,663. The business has a 50 day simple moving average of $55.21 and a 200 day simple moving average of $53.31. Central Securities Corporation has a one year low of $47.82 and a one year high of $57.39.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its position in shares of Central Securities by 2.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company's stock valued at $40,757,000 after buying an additional 17,776 shares during the last quarter. Bulldog Investors LLP raised its position in Central Securities by 1.4% in the 1st quarter. Bulldog Investors LLP now owns 396,467 shares of the company's stock worth $19,689,000 after buying an additional 5,521 shares during the last quarter. Brasada Capital Management LP lifted its stake in Central Securities by 11.5% during the 4th quarter. Brasada Capital Management LP now owns 122,996 shares of the company's stock valued at $6,240,000 after acquiring an additional 12,716 shares during the period. First Trust Advisors LP lifted its stake in Central Securities by 4.9% during the 1st quarter. First Trust Advisors LP now owns 57,564 shares of the company's stock valued at $2,859,000 after acquiring an additional 2,709 shares during the period. Finally, Evolve Private Wealth LLC purchased a new stake in shares of Central Securities during the 2nd quarter valued at about $2,453,000. Hedge funds and other institutional investors own 8.68% of the company's stock.

About Central Securities

Central Securities Corporation is a closed-end investment company listed on the NYSE American under the symbol CET. The company invests in a portfolio of securities with the objective of achieving long-term capital appreciation. As a closed-end fund, it raises capital through its permanent share structure and invests in publicly traded and, at times, privately held companies.

The fund's portfolio may include common stocks, convertible securities and other investments across a range of industries and market sectors.

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