Central Securities Corp.'s (NYSEAMERICAN :CET – Get Rating) short interest has declined significantly in May. On May 15th there were 2,600 short shares. This is a 78.7% decrease from the total of 12,200 on April 30th. The days-to-cover is currently 0.2 based on an average trading of 16,900 shares.
Insider Buying & Selling
David Martin Poppe, the director of the company, acquired 3,500 shares in a deal that took place on Monday, 27th March. The shares were purchased at an average price of $34.24 each, for a total of $119.840.00. After the purchase was completed, the director owns directly 12,000 shares of the company valued at $410 880. The Securities & Exchange Commission has published the purchase in a document that is accessible on the SEC's website. Insiders own 11.00%.
Central Securities Alerts
Hedge Funds Take a Stand on Central Securities
Recent changes in the holdings of CET by institutional investors. Karpus Management Inc. increased its holdings of Central Securities by 33.1% in the third quarter. Karpus Management Inc. owns now 19,969 of the company’s stock valued at $674,000, after purchasing an additional 4,969 in the last quarter. S&CO Inc. increased its Central Securities holdings by 6.3% in the fourth quarter. S&CO Inc. owns 18,751 of the company stock, worth $626,000, after purchasing 1,119 additional shares during the last quarter. Robotti Robert increased its Central Securities holdings by 28.3% in the fourth quarter. Robotti Robert owns 17,578 of the company’s shares worth $587,000. This is after purchasing an additional 3,872 in the last quarter. Colonial Trust Advisors increased its holdings of Central Securities by 72.8% in the third quarter. Colonial Trust Advisors owns 43 050 shares worth $1,453,000, after purchasing 18,132 additional shares during the last quarter. Capital Investment Advisors LLC increased its Central Securities holdings by 62.1% in the fourth quarter. Capital Investment Advisors LLC owns 23,425 of the company stock, worth $782,000. This is after purchasing 8,975 additional shares during the last quarter. Institutional investors and hedge fund own 9.01%.
Central Securities Price Performance
Central Securities Company Profile
CET gained $0.06 in trading on Thursday to reach $34.41. Stock of the company traded 31,301 shares compared to an average of 16,798. Central Securities's low for the past twelve months is $33.01, and its high for that same period is $39.04.
Central Securities provides financial services to a variety of clients, including investment advice and consulting.
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