Douglass Winthrop Advisors LLC Takes Position in Central Securities Co. (NYSE:CET)

Douglass Winthrop Advisors LLC purchased a new position in shares of Central Securities Co. (NYSE:CET) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 54,310 shares of the company’s stock, valued at approximately $2,490,000. Douglass Winthrop Advisors LLC owned 0.19% of Central Securities as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Smithfield Trust Co acquired a new stake in shares of Central Securities in the third quarter valued at approximately $203,000. Landscape Capital Management L.L.C. raised its stake in Central Securities by 15.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 9,038 shares of the company’s stock valued at $414,000 after acquiring an additional 1,220 shares during the period. Pathstone Holdings LLC lifted its holdings in Central Securities by 259.7% during the 3rd quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock valued at $6,430,000 after purchasing an additional 101,226 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Central Securities by 421.3% during the third quarter. Wolverine Asset Management LLC now owns 24,296 shares of the company’s stock worth $1,114,000 after purchasing an additional 19,635 shares during the period. Finally, Shaker Financial Services LLC increased its holdings in shares of Central Securities by 118.7% in the third quarter. Shaker Financial Services LLC now owns 139,353 shares of the company’s stock valued at $6,388,000 after purchasing an additional 75,646 shares during the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Insiders Place Their Bets

In other Central Securities news, VP Andrew J. O’neill bought 1,080 shares of Central Securities stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $46.09 per share, with a total value of $49,777.20. Following the completion of the transaction, the vice president now owns 84,916 shares in the company, valued at $3,913,778.44. The trade was a 1.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John C. Hill purchased 600 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $46.71 per share, for a total transaction of $28,026.00. Following the completion of the transaction, the chief executive officer now owns 69,296 shares of the company’s stock, valued at $3,236,816.16. This trade represents a 0.87 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 10.30% of the company’s stock.

Central Securities Price Performance

Shares of CET opened at $46.52 on Monday. The company’s 50-day moving average is $46.61 and its 200-day moving average is $44.68. Central Securities Co. has a fifty-two week low of $36.32 and a fifty-two week high of $49.51.

Central Securities Increases Dividend

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

About Central Securities

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.