Central Securities (NYSEAMERICAN:CET) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Central Securities Corporation (NYSEAMERICAN:CET)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $51.25 and traded as low as $49.53. Central Securities shares last traded at $49.97, with a volume of 22,272 shares traded.

Central Securities Stock Performance

The business’s 50-day moving average is $51.25 and its two-hundred day moving average is $51.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of Central Securities by 3.9% in the first quarter. Royal Bank of Canada now owns 66,549 shares of the company’s stock valued at $2,993,000 after purchasing an additional 2,521 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Central Securities by 1.8% in the second quarter. Raymond James Financial Inc. now owns 305,304 shares of the company’s stock valued at $14,612,000 after purchasing an additional 5,511 shares during the last quarter. Bank of America Corp DE purchased a new position in Central Securities during the second quarter worth approximately $64,000. Osaic Holdings Inc. lifted its position in Central Securities by 15.1% during the second quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after buying an additional 1,322 shares in the last quarter. Finally, Accel Wealth Management boosted its stake in Central Securities by 11.8% during the third quarter. Accel Wealth Management now owns 8,363 shares of the company’s stock worth $430,000 after buying an additional 881 shares during the last quarter. 8.68% of the stock is currently owned by institutional investors and hedge funds.

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.