Closed End Fund Advisors Inc. Takes $554,000 Position in Central Securities Corporation $CET

Closed End Fund Advisors Inc. purchased a new stake in Central Securities Corporation (NYSEAMERICAN:CET) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,927 shares of the company’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bulldog Investors LLP boosted its holdings in shares of Central Securities by 4.9% in the third quarter. Bulldog Investors LLP now owns 386,046 shares of the company’s stock valued at $19,831,000 after buying an additional 17,962 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Central Securities by 2.3% in the third quarter. Raymond James Financial Inc. now owns 312,216 shares of the company’s stock valued at $16,039,000 after buying an additional 6,912 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of 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 during the period. Chilton Investment Co. Inc. boosted its holdings in shares of Central Securities by 1.0% in the third quarter. Chilton Investment Co. Inc. now owns 102,254 shares of the company’s stock valued at $5,253,000 after buying an additional 1,000 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Central Securities by 3.9% in the first quarter. Royal Bank of Canada now owns 66,549 shares of the company’s stock valued at $2,993,000 after buying an additional 2,521 shares during the period. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Stock Performance

Shares of CET opened at $52.50 on Friday. Central Securities Corporation has a 12 month low of $46.47 and a 12 month high of $54.28. The firm has a fifty day simple moving average of $52.25 and a 200 day simple moving average of $51.47.

Central Securities Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, June 12th. This represents a yield of 116.0%.

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.