PNC Financial Services Group Inc. Buys New Stake in Central Securities Co. $CET

by · The Markets Daily

PNC Financial Services Group Inc. purchased a new position in Central Securities Co. (NYSE:CET – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,445 shares of the company’s stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vista Investment Partners II LLC bought a new stake in shares of Central Securities in the third quarter worth about $203,000. Blue Bell Private Wealth Management LLC boosted its stake in Central Securities by 14.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company’s stock valued at $14,784,000 after buying an additional 37,099 shares during the last quarter. Accel Wealth Management grew its holdings in Central Securities by 11.8% during the 3rd quarter. Accel Wealth Management now owns 8,363 shares of the company’s stock valued at $430,000 after buying an additional 881 shares in the last quarter. Osaic Holdings Inc. increased its stake in Central Securities by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in Central Securities in the 2nd quarter worth approximately $64,000. Institutional investors own 8.68% of the company’s stock.

Central Securities Trading Up 0.3%

NYSE CET opened at $52.65 on Friday. The stock has a 50 day moving average price of $51.72 and a 200-day moving average price of $50.90. Central Securities Co. has a one year low of $40.24 and a one year high of $52.95.

Insider Transactions at Central Securities

In other Central Securities news, CEO John C. Hill acquired 500 shares of the stock in a transaction on Monday, December 29th. The stock was acquired at an average price of $50.91 per share, for a total transaction of $25,455.00. Following the completion of the transaction, the chief executive officer directly owned 77,373 shares of the company’s stock, valued at $3,939,059.43. This trade represents a 0.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.50% of the stock is currently owned by insiders.

Central Securities Company Profile

(Free Report)

Central Securities Corporation (NYSE: CET) is a diversified, closed-end management investment company that has operated since its incorporation in 1927. Listed on the New York Stock Exchange, the company offers investors access to a blend of equity and fixed-income strategies within a single vehicle. Headquartered in St. Louis, Missouri, Central Securities seeks to deliver total return through a combination of dividend income and capital appreciation.

The company’s investment strategy emphasizes a core allocation to U.S.

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