Concurrent Investment Advisors LLC Takes $1.30 Million Position in Central Securities Co. (NYSE:CET)

Concurrent Investment Advisors LLC bought a new stake in Central Securities Co. (NYSE:CET) in the 4th quarter, Holdings Channel.com reports. The firm bought 28,444 shares of the company’s stock, valued at approximately $1,300,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of Central Securities in the 4th quarter valued at about $25,000. Stolper Co purchased a new stake in shares of Central Securities in the 4th quarter valued at about $203,000. Smithfield Trust Co purchased a new stake in shares of Central Securities in the 3rd quarter valued at about $203,000. Confluence Wealth Services Inc. increased its position in Central Securities by 4.3% in the 4th quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock valued at $294,000 after acquiring an additional 254 shares during the period. Finally, Quad Cities Investment Group LLC increased its position in Central Securities by 4.3% in the 4th quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company’s stock valued at $315,000 after acquiring an additional 286 shares during the period. 8.68% of the stock is owned by hedge funds and other institutional investors.

Central Securities Stock Performance

Shares of CET stock opened at $47.25 on Friday. Central Securities Co. has a 52-week low of $38.59 and a 52-week high of $49.51. The stock’s 50-day moving average price is $46.66 and its 200 day moving average price is $46.18.

Insider Activity at Central Securities

In other Central Securities news, VP Andrew J. O’neill bought 1,309 shares of the company’s stock in a transaction on Monday, January 6th. The shares were bought at an average price of $45.65 per share, for a total transaction of $59,755.85. Following the transaction, the vice president now owns 88,146 shares of the company’s stock, valued at approximately $4,023,864.90. This trade represents a 1.51 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John C. Hill bought 700 shares of the company’s stock in a transaction on Monday, January 6th. The shares were acquired at an average price of $45.87 per share, for a total transaction of $32,109.00. Following the transaction, the chief executive officer now directly owns 72,992 shares in the company, valued at $3,348,143.04. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. 9.50% of the stock is currently owned by insiders.

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.