Central Securities (NYSE:CET) Sees Unusually-High Trading Volume

Central Securities Co. (NYSE:CET) shares saw unusually-high trading volume on Friday . Approximately 71,785 shares changed hands during mid-day trading, an increase of 127% from the previous session’s volume of 31,624 shares.The stock last traded at $44.37 and had previously closed at $44.40.

Central Securities Trading Up 0.5 %

The firm’s 50 day simple moving average is $43.85 and its two-hundred day simple moving average is $42.14.

Institutional Investors Weigh In On Central Securities

Institutional investors have recently modified their holdings of the business. Cetera Advisors LLC bought a new position in shares of Central Securities during the first quarter valued at approximately $606,000. Shaker Financial Services LLC grew its stake in Central Securities by 1.4% during the 4th quarter. Shaker Financial Services LLC now owns 210,770 shares of the company’s stock worth $7,961,000 after buying an additional 2,884 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Central Securities in the fourth quarter worth $37,180,000. Raymond James Trust N.A. bought a new stake in Central Securities in the second quarter valued at $222,000. Finally, Bulldog Investors LLP boosted its holdings in shares of Central Securities by 2.3% during the fourth quarter. Bulldog Investors LLP now owns 249,645 shares of the company’s stock valued at $9,429,000 after acquiring an additional 5,562 shares during the period. Institutional investors 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.