Central Securities Co. (NYSE:CET) Shares Acquired by Shaker Financial Services LLC

Shaker Financial Services LLC grew its holdings in Central Securities Co. (NYSE:CET) by 118.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,353 shares of the company’s stock after acquiring an additional 75,646 shares during the period. Central Securities comprises approximately 2.4% of Shaker Financial Services LLC’s portfolio, making the stock its 6th largest position. Shaker Financial Services LLC owned 0.49% of Central Securities worth $6,388,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CET. International Assets Investment Management LLC purchased a new stake in shares of Central Securities in the third quarter valued at about $54,760,000. Sanctuary Advisors LLC acquired a new position in Central Securities during the second quarter worth about $2,169,000. City of London Investment Management Co. Ltd. grew its position in Central Securities by 175.9% during the first quarter. City of London Investment Management Co. Ltd. now owns 33,724 shares of the company’s stock worth $1,409,000 after buying an additional 21,500 shares during the period. Cetera Advisors LLC acquired a new position in Central Securities during the first quarter worth about $606,000. Finally, Essex Financial Services Inc. acquired a new position in Central Securities during the second quarter worth about $302,000. Institutional investors and hedge funds own 8.68% of the company’s stock.

Insiders Place Their Bets

In related news, CEO John C. Hill purchased 600 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $46.71 per share, with a total value of $28,026.00. Following the completion of the purchase, the chief executive officer now directly owns 69,296 shares in the company, valued at approximately $3,236,816.16. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO John C. Hill purchased 600 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $46.71 per share, with a total value of $28,026.00. Following the completion of the purchase, the chief executive officer now directly owns 69,296 shares in the company, valued at approximately $3,236,816.16. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Andrew J. O’neill purchased 1,080 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $46.09 per share, for a total transaction of $49,777.20. Following the purchase, the vice president now owns 84,916 shares of the company’s stock, valued at $3,913,778.44. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.30% of the stock is currently owned by insiders.

Central Securities Trading Up 2.7 %

CET stock opened at $48.38 on Thursday. The company’s 50 day simple moving average is $45.84 and its 200-day simple moving average is $44.09. Central Securities Co. has a 12 month low of $34.77 and a 12 month high of $48.46.

Central Securities Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be paid a dividend of $2.05 per share. This is an increase from Central Securities’s previous semi-annual dividend of $0.20. The ex-dividend date is 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.