Central Securities (NYSEAMERICAN:CET) Hits New 1-Year High – Time to Buy?

Central Securities Corporation (NYSEAMERICAN:CET)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $54.10 and last traded at $54.07, with a volume of 56868 shares changing hands. The stock had previously closed at $53.58.

Central Securities Trading Down 0.3%

The business has a fifty day simple moving average of $51.43 and a 200 day simple moving average of $51.18.

Institutional Investors Weigh In On Central Securities

Large investors have recently made changes to their positions in the stock. Assetmark Inc. purchased a new stake in shares of Central Securities in the fourth quarter valued at approximately $35,000. Bank of America Corp DE purchased a new stake in shares of Central Securities in the second quarter valued at approximately $64,000. Noble Wealth Management PBC purchased a new stake in shares of Central Securities in the fourth quarter valued at approximately $73,000. Vista Investment Partners II LLC purchased a new position in shares of Central Securities during the 3rd quarter worth $203,000. Finally, Level Four Advisory Services LLC purchased a new position in shares of Central Securities during the 3rd quarter worth $212,000. 8.68% of the stock is currently 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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.