Central Securities Co. (NYSE:CET) Shares Acquired by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. increased its stake in Central Securities Co. (NYSE:CET) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 82,237 shares of the company’s stock after acquiring an additional 386 shares during the period. Central Securities accounts for approximately 1.2% of Thomas J. Herzfeld Advisors Inc.’s holdings, making the stock its 26th biggest position. Thomas J. Herzfeld Advisors Inc.’s holdings in Central Securities were worth $3,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Confluence Wealth Services Inc. lifted its position in shares of Central Securities by 4.3% in the fourth quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock worth $294,000 after purchasing an additional 254 shares in the last quarter. Quad Cities Investment Group LLC lifted its holdings in shares of Central Securities by 4.3% during the 4th quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company’s stock valued at $315,000 after buying an additional 286 shares during the last quarter. Essex Financial Services Inc. grew its position in Central Securities by 4.3% in the fourth quarter. Essex Financial Services Inc. now owns 7,151 shares of the company’s stock worth $327,000 after acquiring an additional 295 shares in the last quarter. King Luther Capital Management Corp increased its position in Central Securities by 4.3% during the fourth quarter. King Luther Capital Management Corp now owns 9,217 shares of the company’s stock worth $421,000 after buying an additional 381 shares during the last quarter. Finally, S&CO Inc. raised its stake in shares of Central Securities by 3.3% in the 4th quarter. S&CO Inc. now owns 16,041 shares of the company’s stock valued at $732,000 after acquiring an additional 518 shares in the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Price Performance

NYSE:CET opened at $44.96 on Tuesday. The company’s 50 day moving average is $46.58 and its 200-day moving average is $46.49. Central Securities Co. has a 12 month low of $40.08 and a 12 month high of $49.51.

Insider Buying and Selling

In other Central Securities news, VP Andrew J. O’neill acquired 1,309 shares of the company’s 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 purchase, 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John C. Hill bought 700 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average price of $45.87 per share, with a total value of $32,109.00. Following the purchase, the chief executive officer now owns 72,992 shares in the company, valued at $3,348,143.04. This trade represents a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 9.50% of the company’s stock.

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.