Central Securities (NYSEAMERICAN:CET) Sees Large Volume Increase – Still a Buy?

Central Securities Corporation (NYSEAMERICAN:CET) saw unusually-strong trading volume on Friday . Approximately 21,576 shares traded hands during trading, a decline of 40% from the previous session’s volume of 36,247 shares.The stock last traded at $51.6240 and had previously closed at $51.50.

Central Securities Trading Up 0.1%

The stock has a fifty day moving average of $51.08 and a two-hundred day moving average of $50.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Central Securities by 2.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock valued at $40,757,000 after purchasing an additional 17,776 shares in the last quarter. Evolve Private Wealth LLC bought a new position in shares of Central Securities during the fourth quarter valued at $2,521,000. First Manhattan CO. LLC. lifted its holdings in shares of Central Securities by 4.8% during the fourth quarter. First Manhattan CO. LLC. now owns 15,799 shares of the company’s stock valued at $801,000 after purchasing an additional 728 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Central Securities by 1.7% during the fourth quarter. Cetera Investment Advisers now owns 44,764 shares of the company’s stock valued at $2,270,000 after purchasing an additional 762 shares in the last quarter. Finally, Nitor Capital Management LLC bought a new position in shares of Central Securities during the fourth quarter valued at $316,000. 8.68% of the stock is owned by institutional investors.

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.