Central Securities (NYSE:CET) Hits New 12-Month High at $41.80

Central Securities Co. (NYSE:CET) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $41.80 and last traded at $41.77, with a volume of 29971 shares trading hands. The stock had previously closed at $41.48.

Central Securities Stock Up 0.7 %

The stock’s 50-day simple moving average is $38.94.

Hedge Funds Weigh In On Central Securities

Several institutional investors have recently bought and sold shares of CET. NBC Securities Inc. acquired a new stake in shares of Central Securities in the 3rd quarter valued at $57,000. Quad Cities Investment Group LLC increased its stake in shares of Central Securities by 3.7% in the 4th quarter. Quad Cities Investment Group LLC now owns 7,503 shares of the company’s stock valued at $281,000 after buying an additional 268 shares during the period. Accel Wealth Management increased its stake in shares of Central Securities by 4.5% in the 4th quarter. Accel Wealth Management now owns 7,931 shares of the company’s stock valued at $300,000 after buying an additional 341 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Central Securities by 4.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 7,972 shares of the company’s stock valued at $301,000 after buying an additional 342 shares during the period. Finally, Stonebrook Private Inc. acquired a new stake in shares of Central Securities in the 4th quarter valued at $333,000. Institutional investors own 8.68% of the company’s stock.

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.