Central Securities Co. (NYSE:CET) Shares Bought by Quad Cities Investment Group LLC

Quad Cities Investment Group LLC raised its stake in shares of Central Securities Co. (NYSE:CET) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,894 shares of the company’s stock after acquiring an additional 286 shares during the period. Quad Cities Investment Group LLC’s holdings in Central Securities were worth $315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of Central Securities by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock worth $1,021,000 after purchasing an additional 880 shares during the period. International Assets Investment Management LLC acquired a new position in Central Securities during the third quarter worth $54,760,000. Pathstone Holdings LLC boosted its position in shares of Central Securities by 259.7% during the third quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock worth $6,430,000 after buying an additional 101,226 shares during the period. Shaker Financial Services LLC grew its stake in shares of Central Securities by 118.7% in the third quarter. Shaker Financial Services LLC now owns 139,353 shares of the company’s stock valued at $6,388,000 after buying an additional 75,646 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of Central Securities by 421.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 24,296 shares of the company’s stock valued at $1,114,000 after buying an additional 19,635 shares during the period. 8.68% of the stock is owned by hedge funds and other institutional investors.

Central Securities Price Performance

CET opened at $44.88 on Tuesday. The stock’s 50-day moving average price is $46.65 and its 200 day moving average price is $45.48. Central Securities Co. has a 12-month low of $36.89 and a 12-month high of $49.51.

Central Securities Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were given a dividend of $2.05 per share. This represents a dividend yield of 1.3%. The ex-dividend date was Friday, November 15th. This is a boost from Central Securities’s previous semi-annual dividend of $0.20.

Insider Activity

In related news, CEO John C. Hill acquired 600 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $46.71 per share, with a total value of $28,026.00. Following the completion of the transaction, the chief executive officer now owns 69,296 shares of the company’s stock, valued at $3,236,816.16. The trade was a 0.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Andrew J. O’neill bought 1,080 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $46.09 per share, with a total value of $49,777.20. Following the completion of the acquisition, the vice president now owns 84,916 shares of the company’s stock, valued at $3,913,778.44. This trade represents a 1.29 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,689 shares of company stock valued at $169,668. 10.30% of the stock is currently owned by company insiders.

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.