Central Securities (NYSEAMERICAN:CET) Sets New 12-Month High – Here’s What Happened

Central Securities Corporation (NYSEAMERICAN:CET)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $54.65 and last traded at $53.2050, with a volume of 2447 shares changing hands. The stock had previously closed at $52.50.

Central Securities Trading Up 0.5%

The business has a 50-day moving average price of $52.59 and a two-hundred day moving average price of $51.64.

Central Securities Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. This represents a yield of 117.0%. The ex-dividend date is Friday, June 12th.

Hedge Funds Weigh In On Central Securities

Several hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its stake in shares of Central Securities by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock worth $40,757,000 after acquiring an additional 17,776 shares in the last quarter. Bulldog Investors LLP boosted its stake in shares of Central Securities by 1.4% during the 1st quarter. Bulldog Investors LLP now owns 396,467 shares of the company’s stock worth $19,689,000 after acquiring an additional 5,521 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Central Securities by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 312,216 shares of the company’s stock worth $16,039,000 after acquiring an additional 6,912 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Central Securities by 8.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company’s stock worth $15,796,000 after acquiring an additional 23,696 shares in the last quarter. Finally, Brasada Capital Management LP boosted its stake in shares of Central Securities by 11.5% during the 4th quarter. Brasada Capital Management LP now owns 122,996 shares of the company’s stock worth $6,240,000 after acquiring an additional 12,716 shares in the last quarter. 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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.