Brasada Capital Management LP Buys New Shares in Central Securities Corporation $CET

Brasada Capital Management LP purchased a new stake in shares of Central Securities Corporation (NYSEAMERICAN:CET) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 117,002 shares of the company’s stock, valued at approximately $6,137,000.

Several other hedge funds have also recently added to or reduced their stakes in CET. Trust Co. of Vermont purchased a new position in shares of Central Securities in the 2nd quarter worth about $29,000. Bank of America Corp DE bought a new stake in Central Securities in the 2nd quarter worth approximately $64,000. Northwestern Mutual Wealth Management Co. bought a new stake in Central Securities in the 2nd quarter worth approximately $92,000. Williams Jones Wealth Management LLC. bought a new stake in Central Securities in the 3rd quarter worth approximately $214,000. Finally, Robotti Robert purchased a new stake in Central Securities in the fourth quarter worth approximately $222,000. Institutional investors own 8.68% of the company’s stock.

Central Securities Trading Down 0.6%

Shares of NYSEAMERICAN CET opened at $54.59 on Friday. Central Securities Corporation has a one year low of $47.82 and a one year high of $55.99. The firm’s 50 day simple moving average is $53.46 and its two-hundred day simple moving average is $52.49.

Central Securities Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.31 dividend. 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.