Insider Buying: Central Securities Co. (NYSE:CET) VP Buys 800 Shares of Stock

Central Securities Co. (NYSE:CET - Get Free Report) VP Andrew J. O'neill purchased 800 shares of the stock in a transaction on Friday, April 19th. The stock was acquired at an average price of $40.13 per share, with a total value of $32,104.00. Following the completion of the acquisition, the vice president now directly owns 83,639 shares of the company's stock, valued at $3,356,433.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Central Securities Stock Up 1.4 %

Shares of Central Securities stock traded up $0.58 on Monday, hitting $40.69. The company had a trading volume of 22,761 shares, compared to its average volume of 39,876. The company has a 50-day simple moving average of $40.06. Central Securities Co. has a twelve month low of $33.85 and a twelve month high of $41.99.

Hedge Funds Weigh In On Central Securities

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of Central Securities in the fourth quarter valued at about $37,180,000. AQR Arbitrage LLC lifted its stake in Central Securities by 132.6% in the 3rd quarter. AQR Arbitrage LLC now owns 40,935 shares of the company's stock valued at $1,451,000 after acquiring an additional 23,339 shares in the last quarter. Raymond James & Associates boosted its position in Central Securities by 1.9% during the 4th quarter. Raymond James & Associates now owns 107,307 shares of the company's stock worth $4,053,000 after acquiring an additional 1,996 shares during the last quarter. Quad Cities Investment Group LLC grew its stake in shares of Central Securities by 3.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 7,503 shares of the company's stock worth $281,000 after acquiring an additional 268 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. raised its holdings in shares of Central Securities by 15.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 11,500 shares of the company's stock valued at $408,000 after purchasing an additional 1,550 shares during the last quarter. 8.68% of the stock is owned by institutional investors and hedge funds.

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.