Central Securities Corporation (NYSEAMERICAN:CET) Short Interest Update

Central Securities Corporation (NYSEAMERICAN:CET) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,454 shares, an increase of 1,119.9% from the June 30th total of 693 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 39,887 shares, the short-interest ratio is presently 0.2 days.

Central Securities Stock Down 0.5%

CET stock traded down $0.24 during trading on Friday, hitting $52.20. 39,626 shares of the company traded hands, compared to its average volume of 38,632. Central Securities has a 1 year low of $47.76 and a 1 year high of $54.65. The stock’s 50-day simple moving average is $52.71 and its 200 day simple moving average is $52.07.

Central Securities Announces Dividend

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

Hedge Funds Weigh In On Central Securities

Institutional investors have recently made changes to their positions in the company. Evolve Private Wealth LLC purchased a new stake in Central Securities during the fourth quarter worth $2,521,000. Blue Bell Private Wealth Management LLC increased its holdings in Central Securities by 8.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company’s stock valued at $15,796,000 after buying an additional 23,696 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Central Securities by 2.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock worth $40,757,000 after acquiring an additional 17,776 shares during the period. Brasada Capital Management LP raised its position in shares of Central Securities by 11.5% in the fourth quarter. Brasada Capital Management LP now owns 122,996 shares of the company’s stock worth $6,240,000 after acquiring an additional 12,716 shares during the period. Finally, LPL Financial LLC raised its position in shares of Central Securities by 65.7% in the fourth quarter. LPL Financial LLC now owns 30,927 shares of the company’s stock worth $1,568,000 after acquiring an additional 12,258 shares during the period. 8.68% of the stock is owned by hedge funds and other institutional investors.

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.