Andrew J. O’neill Buys 1,309 Shares of Central Securities Co. (NYSE:CET) Stock

Central Securities Co. (NYSE:CET) VP Andrew J. O’neill purchased 1,309 shares of the company’s stock in a transaction on Monday, January 6th. The shares were purchased at an average price of $45.65 per share, with a total value of $59,755.85. Following the completion of the purchase, the vice president now directly owns 88,146 shares of the company’s stock, valued at $4,023,864.90. The trade was a 1.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Central Securities Trading Down 0.2 %

Shares of NYSE:CET opened at $45.53 on Friday. The stock has a 50-day simple moving average of $46.73 and a 200-day simple moving average of $45.44. Central Securities Co. has a 1 year low of $36.89 and a 1 year high of $49.51.

Central Securities Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were given a $2.05 dividend. The ex-dividend date was Friday, November 15th. This represents a dividend yield of 1.3%. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20.

Hedge Funds Weigh In On Central Securities

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smithfield Trust Co purchased a new position in Central Securities in the third quarter valued at about $203,000. Landscape Capital Management L.L.C. raised its holdings in shares of Central Securities by 15.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 9,038 shares of the company’s stock valued at $414,000 after buying an additional 1,220 shares during the period. Neville Rodie & Shaw Inc. lifted its position in Central Securities by 54.5% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 17,000 shares of the company’s stock worth $777,000 after acquiring an additional 6,000 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Central Securities by 18.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock worth $791,000 after acquiring an additional 2,860 shares during the period. Finally, Stifel Financial Corp grew its position in Central Securities by 4.1% in the third quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock valued at $1,021,000 after acquiring an additional 880 shares in the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

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.