Central Securities (NYSE:CET) Sees Strong Trading Volume – Here’s Why

Central Securities Co. (NYSE:CET) shares saw an uptick in trading volume on Thursday . 61,491 shares were traded during trading, an increase of 108% from the previous session’s volume of 29,621 shares.The stock last traded at $42.69 and had previously closed at $43.25.

Central Securities Trading Down 1.3 %

The stock’s fifty day moving average price is $45.73 and its 200-day moving average price is $46.28.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CET. Armstrong Advisory Group Inc. purchased a new stake in shares of Central Securities in the fourth quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in shares of Central Securities in the 1st quarter worth $42,000. Stolper Co acquired a new stake in shares of Central Securities in the 4th quarter worth $203,000. Commonwealth Equity Services LLC raised its holdings in shares of Central Securities by 14.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,780 shares of the company’s stock worth $264,000 after acquiring an additional 751 shares during the period. Finally, Confluence Wealth Services Inc. boosted its position in shares of Central Securities by 4.3% during the 4th quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock valued at $294,000 after acquiring an additional 254 shares during the last quarter. 8.68% of the stock is owned by hedge funds and other institutional investors.

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.