In a recent transaction, John C. Hill, the CEO and President of Central Securities Corp (NYSE:CET), has made a notable investment in the company's stock. On April 18, Hill purchased shares valued at approximately $16,164, with prices ranging between $40.39 and $40.43 per share.
John C. Hill's acquisition of Central Securities Corp's common stock came in two separate transactions, both executed on the same day. The first transaction involved the purchase of 200 shares at $40.43 each, while the second transaction also consisted of 200 shares, this time at a slightly lower price of $40.39 per share. Following these transactions, Hill's direct holdings in the company have increased to 68,247 shares.
Additionally, it is noted that another set of 200 shares were bought at the same price of $40.39 per share indirectly by Hill's children, indicating a family investment in the company's future.
The investment by the company's CEO is often seen by the market as a sign of confidence in the company's performance and prospects. For investors keeping an eye on insider activities, such purchases can provide insights into the leadership's view of the company's value.
Central Securities Corp, with its shares traded under the ticker NYSE:CET, is a company that investors continue to watch closely. The recent share acquisition by its CEO, John C. Hill, has certainly drawn attention to the company's stock movements and could be an indicator of the company's internal confidence.
InvestingPro Insights
Following the recent purchase of Central Securities Corp (NYSE:CET) stock by CEO John C. Hill, investors are keen to understand the underlying financial health and potential of the company. According to real-time data from InvestingPro, Central Securities Corp has demonstrated a robust revenue growth rate of 95.57% in the last quarter of 2023. This impressive quarterly growth complements the company's last twelve months revenue, which stands at $21.21 million.
InvestingPro Tips suggest that Central Securities Corp pays a significant dividend to shareholders, with a current dividend yield of 8.21%. This yield is particularly attractive to income-focused investors and may reflect the company's commitment to returning value to its shareholders. Notably, Central Securities Corp has maintained dividend payments for 51 consecutive years, underscoring its financial stability and reliability as an income-generating investment.
Another key financial metric for Central Securities Corp is its Gross Profit Margin, which has reached 100% over the last twelve months as of Q4 2023. This indicates that the company has been extremely efficient in managing its cost of goods sold, resulting in a strong gross profit figure equal to its revenue.
For investors seeking more in-depth analysis and additional InvestingPro Tips, including whether the stock is currently in overbought territory or how it fares in terms of free cash flow yield, they can explore further on https://www.investing.com/pro/CET. There are 6 additional InvestingPro Tips available, which can provide a more comprehensive view of Central Securities Corp's financial landscape. To enhance their investing strategy, users can take advantage of the special offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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