Central Securities Co. (NYSE:CET) CEO John C. Hill Purchases 700 Shares of Stock

Central Securities Co. (NYSE:CET) CEO John C. Hill purchased 700 shares of Central Securities stock in a transaction dated Monday, January 6th. The shares were acquired at an average cost of $45.87 per share, for a total transaction of $32,109.00. Following the completion of the transaction, the chief executive officer now owns 72,992 shares of the company’s stock, valued at approximately $3,348,143.04. This represents a 0.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Central Securities Stock Performance

Shares of CET stock opened at $45.53 on Thursday. The stock’s fifty day moving average price is $46.75 and its 200 day moving average price is $45.44. Central Securities Co. has a 1-year low of $36.89 and a 1-year high of $49.51.

Central Securities Increases Dividend

The firm 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 is a positive change from Central Securities’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Friday, November 15th. This represents a dividend yield of 1.3%.

Hedge Funds Weigh In On Central Securities

Several hedge funds and other institutional investors have recently modified their holdings of CET. Neville Rodie & Shaw Inc. grew its holdings in shares of Central Securities by 54.5% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 17,000 shares of the company’s stock valued at $777,000 after buying an additional 6,000 shares during the last quarter. Stifel Financial Corp grew its stake in Central Securities by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock valued at $1,021,000 after purchasing an additional 880 shares during the last quarter. HighTower Advisors LLC grew its stake in Central Securities by 5.8% during the 3rd quarter. HighTower Advisors LLC now owns 34,258 shares of the company’s stock valued at $1,570,000 after purchasing an additional 1,879 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new position in shares of Central Securities in the third quarter valued at about $2,490,000. Finally, Smithfield Trust Co purchased a new position in shares of Central Securities in the third quarter worth about $203,000. 8.68% of the stock is owned by hedge funds and other institutional investors.

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.