Central Securities (NYSE:CET) Shares Up 0% – Still a Buy?

Central Securities Co. (NYSE:CET) rose 0% during trading on Monday . The company traded as high as $52.62 and last traded at $52.14. Approximately 39,286 shares were traded during trading, a decline of 21% from the average daily volume of 49,661 shares. The stock had previously closed at $52.13.

Central Securities Stock Up 0.0%

The business has a fifty day moving average price of $51.34 and a two-hundred day moving average price of $50.62.

Insiders Place Their Bets

In related news, CEO John C. Hill bought 500 shares of the business’s stock in a transaction on Monday, December 29th. The stock was bought at an average price of $50.91 per share, for a total transaction of $25,455.00. Following the transaction, the chief executive officer directly owned 77,373 shares in the company, valued at $3,939,059.43. This represents a 0.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Central Securities by 14.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company’s stock worth $14,784,000 after buying an additional 37,099 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Central Securities by 104.0% during the second quarter. Envestnet Asset Management Inc. now owns 10,957 shares of the company’s stock worth $524,000 after acquiring an additional 5,585 shares during the period. Shaker Financial Services LLC raised its stake in Central Securities by 17.1% during the 2nd quarter. Shaker Financial Services LLC now owns 211,722 shares of the company’s stock valued at $10,133,000 after purchasing an additional 30,909 shares during the last quarter. Johnson Investment Counsel Inc. bought a new stake in Central Securities in the 2nd quarter valued at $201,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Central Securities in the 2nd quarter worth $63,000. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Company Profile

Central Securities Corporation (NYSE: CET) is a diversified, closed-end management investment company that has operated since its incorporation in 1927. Listed on the New York Stock Exchange, the company offers investors access to a blend of equity and fixed-income strategies within a single vehicle. Headquartered in St. Louis, Missouri, Central Securities seeks to deliver total return through a combination of dividend income and capital appreciation.

The company’s investment strategy emphasizes a core allocation to U.S.