Central Securities (NYSE:CET) Hits New 12-Month High – Should You Buy?

Central Securities Co. (NYSE:CET)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $46.25 and last traded at $46.25, with a volume of 22296 shares. The stock had previously closed at $45.64.

Central Securities Stock Up 1.0 %

The firm has a fifty day simple moving average of $44.50 and a 200-day simple moving average of $43.29.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in shares of Central Securities in the second quarter valued at approximately $2,169,000. Cetera Investment Advisers lifted its position in shares of Central Securities by 3.2% in the second quarter. Cetera Investment Advisers now owns 37,700 shares of the company’s stock valued at $1,660,000 after buying an additional 1,161 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Central Securities by 18.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock valued at $791,000 after buying an additional 2,860 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Central Securities by 2.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 95,565 shares of the company’s stock valued at $4,207,000 after buying an additional 1,911 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of Central Securities by 5,584.1% in the second quarter. Wolverine Asset Management LLC now owns 4,661 shares of the company’s stock valued at $205,000 after buying an additional 4,579 shares during the last quarter. 8.68% of the stock is 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.