S&CO Inc. Acquires New Position in Central Securities Corporation $CET

S&CO Inc. bought a new position in Central Securities Corporation (NYSEAMERICAN:CET) in the second quarter, according to its most recent filing with the SEC. The firm bought 15,215 shares of the company’s stock, valued at approximately $798,000. S&CO Inc. owned approximately 0.05% of Central Securities as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CET. Blue Bell Private Wealth Management LLC lifted its stake in shares of Central Securities by 8.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company’s stock worth $15,796,000 after buying an additional 23,696 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Central Securities by 2.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock valued at $40,757,000 after acquiring an additional 17,776 shares during the period. Brasada Capital Management LP increased its position in shares of Central Securities by 11.5% in the 4th quarter. Brasada Capital Management LP now owns 122,996 shares of the company’s stock valued at $6,240,000 after acquiring an additional 12,716 shares during the period. Closed End Fund Advisors Inc. purchased a new position in Central Securities in the 4th quarter worth $554,000. Finally, Nitor Capital Management LLC purchased a new position in Central Securities in the 4th quarter worth $316,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Stock Up 0.3%

Shares of CET opened at $55.16 on Friday. The stock has a 50-day moving average of $53.09 and a two-hundred day moving average of $52.32. Central Securities Corporation has a one year low of $47.82 and a one year high of $55.99.

Central Securities Announces Dividend

The company also recently announced a dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a dividend yield of 117.0%.

Central Securities Company 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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.