( ) saw a significant increase in short interest throughout the month of may. On May 31, there were 3,000 shorted shares. This is a 15.4% increase from the 2,600 shares on May 15th. The short-interest rate is currently 0.2 days based on an average daily volume of 19,100 shares.
Central Securities Stock Drops 0.8 %
The stock fell $0.27 in Friday's trading, reaching $36.02. The stock was traded at 17,433 shares, as opposed to the average of 22,724. Recently, the company announced a semiannual dividend that will be paid out on Tuesday, 27th June. Dividends of $0.05 will be paid to stockholders who were in the books on Monday, June 12. This dividend will be paid on Friday, June 9. This dividend yield is 1.6%.
Central Securities: Insider Trading
David Martin Poppe, the director of the company, bought 3,500 shares in a deal that took place on Monday, 27th March. Stock was bought at a price of $34.24 on average per share for a total of $119.840.00. The director now has 12,000 shares worth $410,880 of the company stock. Insiders hold 11,00% of the stock in the company.
Institutional Investors Take a Stand on Central Securities
Recently, institutional investors changed their holdings in the company. Ameritas Advisory Services LLC bought a new stake of Central Securities valued at $46,000 in the first quarter. CoreCap Advisors LLC bought a new stake of $55,000 in Central Securities during the fourth quarter. Tradition Wealth Management LLC bought a new stake of $59,000 in Central Securities during the first quarter. NewEdge Advisors LLC increased its holdings in Central Securities by 615.5% during the first quarter. NewEdge Advisors LLC owns 1,703 of the company’s stock, valued at $59,000. This is after purchasing 1,465 additional shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake of $214,000 in Central Securities during the first quarter. Hedge funds and institutional investors own 9.01%.
Central Securities Company Profile
Central Securities Corp., a publicly-owned investment manager, is headquartered in New York. The company invests primarily in equity securities. The firm also invests money market funds and U.S. Treasury bills. To make investments, the firm uses a long-term investment strategy. Central Securities Corp., based in New York City, was founded in New York in 1929.
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