King Luther Capital Management Corp Increases Stock Position in Central Securities Co. (NYSE:CET)

King Luther Capital Management Corp lifted its position in shares of Central Securities Co. (NYSE:CET) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,217 shares of the company’s stock after buying an additional 381 shares during the period. King Luther Capital Management Corp’s holdings in Central Securities were worth $421,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Confluence Wealth Services Inc. lifted its stake in shares of Central Securities by 4.3% in the 4th quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock valued at $294,000 after purchasing an additional 254 shares in the last quarter. Quad Cities Investment Group LLC raised its holdings in Central Securities by 4.3% in the fourth quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company’s stock valued at $315,000 after buying an additional 286 shares during the period. Essex Financial Services Inc. lifted its position in Central Securities by 4.3% during the fourth quarter. Essex Financial Services Inc. now owns 7,151 shares of the company’s stock valued at $327,000 after buying an additional 295 shares in the last quarter. S&CO Inc. grew its stake in Central Securities by 3.3% during the fourth quarter. S&CO Inc. now owns 16,041 shares of the company’s stock worth $732,000 after buying an additional 518 shares during the period. Finally, Armstrong Advisory Group Inc. acquired a new stake in shares of Central Securities in the fourth quarter worth $25,000. 8.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Central Securities

In other news, CEO John C. Hill bought 700 shares of Central Securities stock in a transaction dated Monday, January 6th. The shares were acquired at an average cost of $45.87 per share, with a total value of $32,109.00. Following the completion of the transaction, the chief executive officer now owns 72,992 shares in the company, valued at approximately $3,348,143.04. This trade represents a 0.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrew J. O’neill bought 1,309 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was purchased at an average price of $45.65 per share, with a total value of $59,755.85. Following the completion of the purchase, the vice president now directly owns 88,146 shares of the company’s stock, valued at approximately $4,023,864.90. This trade represents a 1.51 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 9.50% of the company’s stock.

Central Securities Stock Performance

NYSE:CET opened at $44.41 on Friday. The firm’s fifty day simple moving average is $46.69 and its 200 day simple moving average is $46.38. Central Securities Co. has a twelve month low of $39.56 and a twelve month high of $49.51.

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.