S&CO Inc. Makes New $798,000 Investment in Central Securities Corporation $CET

S&CO Inc. acquired a new stake in Central Securities Corporation (NYSEAMERICAN:CET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,215 shares of the company’s stock, valued at approximately $798,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Evolve Private Wealth LLC purchased a new stake in shares of Central Securities in the fourth quarter worth about $2,521,000. Blue Bell Private Wealth Management LLC raised its position in 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 valued at $15,796,000 after acquiring an additional 23,696 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Central Securities by 2.3% during the fourth 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 in the last quarter. Brasada Capital Management LP lifted its holdings in Central Securities by 11.5% in the fourth 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. Finally, LPL Financial LLC lifted its holdings in Central Securities by 65.7% in the fourth quarter. LPL Financial LLC now owns 30,927 shares of the company’s stock valued at $1,568,000 after acquiring an additional 12,258 shares during the period. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Stock Performance

Central Securities stock opened at $55.16 on Friday. Central Securities Corporation has a 12 month low of $47.82 and a 12 month high of $55.99. The stock’s 50 day simple moving average is $53.09 and its two-hundred day simple moving average is $52.32.

Central Securities Dividend Announcement

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

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