Central Securities (NYSEAMERICAN:CET) Stock: Insider John Hill Acquires 500 Shares

Central Securities Corporation (NYSEAMERICAN:CET) CEO John Hill bought 500 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was bought at an average price of $56.37 per share, with a total value of $28,185.00. Following the completion of the purchase, the chief executive officer directly owned 78,101 shares in the company, valued at $4,402,553.37. This represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Central Securities Stock Performance

Shares of Central Securities stock opened at $55.87 on Friday. Central Securities Corporation has a 12-month low of $47.82 and a 12-month high of $57.39. The firm’s 50 day simple moving average is $55.32 and its two-hundred day simple moving average is $53.37.

Hedge Funds Weigh In On Central Securities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in shares of Central Securities in the second quarter valued at about $42,000. Susquehanna International Group LLP acquired a new stake in shares of Central Securities during the second quarter worth about $269,000. Northwestern Mutual Wealth Management Co. boosted its position in Central Securities by 62.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,756 shares of the company’s stock valued at $92,000 after buying an additional 677 shares during the last quarter. Brasada Capital Management LP purchased a new stake in Central Securities in the second quarter valued at approximately $6,137,000. Finally, Roberts Glore & Co. Inc. IL acquired a new position in Central Securities in the 2nd quarter worth approximately $1,822,000. 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.