John C. Hill, CEO and President of Central Securities Corp (NYSE:CET), recently acquired shares of the company in two separate transactions, according to a recent SEC filing. On October 30, Hill purchased a total of 800 shares, with 600 shares bought at $46.71 each and an additional 200 shares at $47.13, amounting to a total investment of $37,452. These purchases increased Hill's direct ownership to 69,296 shares. Additionally, Hill acquired shares indirectly through transactions on June 26, totaling $6,668 at a price of $43.87 per share.
InvestingPro Insights
John C. Hill's recent share acquisitions in Central Securities Corp (NYSE:CET) align with several positive indicators highlighted by InvestingPro. The company's financial health appears robust, with InvestingPro data showing a significant revenue growth of 41.71% over the last twelve months as of Q2 2024, reaching $23.37 million. This growth trend is further supported by an impressive 18.75% quarterly revenue growth in Q2 2024.
InvestingPro Tips reveal that CET has maintained dividend payments for 52 consecutive years, demonstrating a commitment to shareholder returns that may have influenced Hill's decision to increase his stake. The company's profitability over the last twelve months and high return over the last decade also suggest a solid financial foundation.
Moreover, CET's stock generally trades with low price volatility, which could be attractive for long-term investors like Hill. The company's strong performance is reflected in its year-to-date price total return of 23.82% as of the latest data.
It's worth noting that InvestingPro offers additional insights, with 6 more tips available for CET, providing a more comprehensive analysis for investors interested in delving deeper into the company's prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.