Accel Wealth Management Sells 1,047 Shares of Central Securities Co. (NYSE:CET)

Accel Wealth Management cut its position in Central Securities Co. (NYSE:CET) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,920 shares of the company’s stock after selling 1,047 shares during the period. Accel Wealth Management’s holdings in Central Securities were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CET. Armstrong Advisory Group Inc. acquired a new stake in Central Securities in the fourth quarter valued at approximately $25,000. Smithfield Trust Co purchased a new position in shares of Central Securities in the 3rd quarter worth about $203,000. Stolper Co purchased a new position in Central Securities in the fourth quarter valued at about $203,000. Quad Cities Investment Group LLC grew its holdings in Central Securities by 4.3% during the fourth quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company’s stock valued at $315,000 after purchasing an additional 286 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in shares of 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 acquiring an additional 1,220 shares during the period. 8.68% of the stock is owned by institutional investors.

Central Securities Trading Down 0.2 %

CET opened at $47.36 on Friday. Central Securities Co. has a twelve month low of $37.42 and a twelve month high of $49.51. The firm has a 50-day moving average price of $46.35 and a 200-day moving average price of $45.63.

Central Securities Increases Dividend

The business also recently declared 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 positive change from Central Securities’s previous semi-annual dividend of $0.20. This represents a dividend yield of 1.3%. The ex-dividend date was Friday, November 15th.

Insider Buying and Selling at Central Securities

In other news, VP Andrew J. O’neill purchased 1,309 shares of the company’s stock in a transaction on Monday, January 6th. The stock was purchased at an average price of $45.65 per share, with a total value of $59,755.85. Following the completion of the purchase, the vice president now directly owns 88,146 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, CEO John C. Hill bought 600 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was purchased at an average cost of $46.71 per share, with a total value of $28,026.00. Following the purchase, the chief executive officer now owns 69,296 shares of the company’s stock, valued at $3,236,816.16. This represents a 0.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 2,609 shares of company stock valued at $119,891 in the last quarter. 10.30% of the stock is currently owned by corporate 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.