Quad Cities Investment Group LLC Raises Stake in Central Securities Co. (NYSE:CET)

Quad Cities Investment Group LLC boosted its position in shares of Central Securities Co. (NYSE:CET) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other large investors also recently modified their holdings of CET. Smithfield Trust Co acquired a new position in shares of Central Securities during the third quarter worth $203,000. Landscape Capital Management L.L.C. lifted its holdings in Central Securities by 15.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 9,038 shares of the company’s stock worth $414,000 after buying an additional 1,220 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its position in shares of Central Securities by 54.5% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 17,000 shares of the company’s stock worth $777,000 after acquiring an additional 6,000 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Central Securities by 18.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock valued at $791,000 after acquiring an additional 2,860 shares during the last quarter. Finally, Stifel Financial Corp raised 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 acquiring an additional 880 shares in the last quarter. 8.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Central Securities

In other Central Securities news, VP Andrew J. O’neill bought 1,309 shares of the stock in a transaction dated Monday, January 6th. The shares were acquired at an average cost of $45.65 per share, for a total transaction of $59,755.85. Following the completion of the transaction, the vice president now owns 88,146 shares in the company, valued at approximately $4,023,864.90. The trade was a 1.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Hill bought 600 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $46.71 per share, for a total transaction of $28,026.00. Following the completion of the acquisition, the chief executive officer now directly owns 69,296 shares in the company, valued at approximately $3,236,816.16. This trade represents a 0.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 3,689 shares of company stock valued at $169,668 in the last ninety days. Insiders own 10.30% of the company’s stock.

Central Securities Stock Up 0.2 %

Shares of CET opened at $44.88 on Tuesday. Central Securities Co. has a 52-week low of $36.89 and a 52-week high of $49.51. The stock has a 50 day moving average price of $46.65 and a 200 day moving average price of $45.48.

Central Securities Increases Dividend

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

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.