Central Securities Co. (NYSE:CET) Shares Acquired by Shaker Financial Services LLC

Shaker Financial Services LLC boosted its position in Central Securities Co. (NYSE:CET) by 118.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 139,353 shares of the company’s stock after purchasing an additional 75,646 shares during the quarter. Central Securities comprises 2.4% of Shaker Financial Services LLC’s holdings, making the stock its 6th biggest position. Shaker Financial Services LLC’s holdings in Central Securities were worth $6,388,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Evanson Asset Management LLC raised its position in shares of Central Securities by 12.4% during the 2nd quarter. Evanson Asset Management LLC now owns 5,576 shares of the company’s stock worth $245,000 after buying an additional 615 shares in the last quarter. Raymond James & Associates increased its position in shares of Central Securities by 1.0% in the third quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock worth $4,567,000 after acquiring an additional 962 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Central Securities by 3.2% in the second quarter. Cetera Investment Advisers now owns 37,700 shares of the company’s stock worth $1,660,000 after acquiring an additional 1,161 shares in the last quarter. FFT Wealth Management LLC increased its position in shares of Central Securities by 5.9% in the second quarter. FFT Wealth Management LLC now owns 21,596 shares of the company’s stock worth $951,000 after acquiring an additional 1,194 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Central Securities by 2.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 95,565 shares of the company’s stock worth $4,207,000 after acquiring an additional 1,911 shares in the last quarter. 8.68% of the stock is currently owned by institutional investors.

Insider Transactions at Central Securities

In related news, CEO John C. Hill bought 600 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $46.71 per share, for a total transaction of $28,026.00. Following the purchase, the chief executive officer now directly owns 69,296 shares in the company, valued at $3,236,816.16. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Andrew J. O’neill acquired 1,080 shares of the stock in a transaction on Thursday, October 24th. The stock was purchased at an average price of $46.09 per share, for a total transaction of $49,777.20. Following the transaction, the vice president now owns 84,916 shares of the company’s stock, valued at $3,913,778.44. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Hill acquired 600 shares of the stock in a transaction on Wednesday, October 30th. The stock was bought at an average price of $46.71 per share, with a total value of $28,026.00. Following the transaction, the chief executive officer now directly owns 69,296 shares in the company, valued at approximately $3,236,816.16. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.30% of the stock is owned by corporate insiders.

Central Securities Price Performance

Central Securities stock opened at $48.38 on Thursday. The firm’s 50 day simple moving average is $45.84 and its 200-day simple moving average is $44.09. Central Securities Co. has a fifty-two week low of $34.77 and a fifty-two week high of $48.46.

Central Securities Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be paid a $2.05 dividend. This represents a dividend yield of 1.3%. This is a boost from Central Securities’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th.

Central Securities Profile

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.