Central Securities Co. (NYSE:CET – Get Free Report) shares saw strong trading volume on Friday . 25,319 shares were traded during trading, an increase of 1% from the previous session’s volume of 24,983 shares.The stock last traded at $51.45 and had previously closed at $51.33.
Central Securities Trading Up 1.3%
The stock’s fifty day moving average is $50.02 and its two-hundred day moving average is $47.32.
Hedge Funds Weigh In On Central Securities
Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC increased its holdings in shares of Central Securities by 8.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 207,993 shares of the company’s stock valued at $9,351,000 after purchasing an additional 15,352 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Central Securities by 7.9% in the first quarter. Shaker Financial Services LLC now owns 180,813 shares of the company’s stock valued at $8,129,000 after purchasing an additional 13,172 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Central Securities by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,294 shares of the company’s stock valued at $733,000 after purchasing an additional 300 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Central Securities in the first quarter valued at $42,000. Finally, Brasada Capital Management LP acquired a new position in shares of Central Securities in the first quarter valued at $779,000. 8.68% of the stock is currently 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.
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