Shaker Financial Services LLC Sells 78,817 Shares of Central Securities Co. $CET

Shaker Financial Services LLC cut its holdings in Central Securities Co. (NYSE:CET) by 37.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 132,905 shares of the company’s stock after selling 78,817 shares during the period. Central Securities comprises approximately 2.3% of Shaker Financial Services LLC’s holdings, making the stock its 7th biggest position. Shaker Financial Services LLC’s holdings in Central Securities were worth $6,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC lifted its holdings in Central Securities by 14.8% in the third quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company’s stock worth $14,784,000 after acquiring an additional 37,099 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Central Securities in the 2nd quarter worth approximately $283,000. Envestnet Asset Management Inc. increased its holdings in shares of Central Securities by 104.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,957 shares of the company’s stock worth $524,000 after acquiring an additional 5,585 shares during the period. Raymond James Financial Inc. grew its holdings in Central Securities by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 305,304 shares of the company’s stock worth $14,612,000 after buying an additional 5,511 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Central Securities by 43.7% during the first quarter. Advisors Asset Management Inc. now owns 17,786 shares of the company’s stock valued at $800,000 after purchasing an additional 5,411 shares during the period. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Trading Up 1.2%

NYSE CET opened at $51.93 on Wednesday. Central Securities Co. has a 12 month low of $40.24 and a 12 month high of $52.44. The company’s 50 day simple moving average is $50.40 and its 200 day simple moving average is $49.94.

Central Securities Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, November 14th were issued a dividend of $2.45 per share. This represents a yield of 1,003.0%. The ex-dividend date was Friday, November 14th.

Insider Activity

In other news, CEO John C. Hill acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $50.91 per share, with a total value of $25,455.00. Following the purchase, the chief executive officer owned 77,373 shares of the company’s stock, valued at approximately $3,939,059.43. This trade represents a 0.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.50% of the stock is owned by corporate insiders.

Central Securities Profile

Central Securities Corporation (NYSE: CET) is a diversified, closed-end management investment company that has operated since its incorporation in 1927. Listed on the New York Stock Exchange, the company offers investors access to a blend of equity and fixed-income strategies within a single vehicle. Headquartered in St. Louis, Missouri, Central Securities seeks to deliver total return through a combination of dividend income and capital appreciation.

The company’s investment strategy emphasizes a core allocation to U.S.