Capital Investment Advisors LLC Sells 2,395 Shares of Central Securities Co. (NYSE:CET)

Capital Investment Advisors LLC lessened its holdings in Central Securities Co. (NYSE:CET) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,851 shares of the company’s stock after selling 2,395 shares during the period. Capital Investment Advisors LLC owned 0.12% of Central Securities worth $1,592,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Smithfield Trust Co acquired a new stake in shares of Central Securities in the third quarter worth about $203,000. Landscape Capital Management L.L.C. raised its stake in shares of Central Securities by 15.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 9,038 shares of the company’s stock valued at $414,000 after acquiring an additional 1,220 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its holdings in Central Securities by 54.5% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 17,000 shares of the company’s stock worth $777,000 after purchasing an additional 6,000 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Central Securities by 18.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock worth $791,000 after purchasing an additional 2,860 shares during the period. Finally, Stifel Financial Corp grew its holdings in Central Securities by 4.1% during the third quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock valued at $1,021,000 after purchasing an additional 880 shares during the last quarter. 8.68% of the stock is currently owned by institutional investors.

Central Securities Stock Performance

Shares of Central Securities stock opened at $44.88 on Tuesday. The firm has a fifty day simple moving average of $46.65 and a 200-day simple moving average of $45.48. Central Securities Co. has a 1-year low of $36.89 and a 1-year high of $49.51.

Central Securities Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were given a dividend of $2.05 per share. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20. The ex-dividend date was Friday, November 15th. This represents a yield of 1.3%.

Insider Activity

In other Central Securities news, CEO John C. Hill purchased 700 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was bought at an average cost of $45.87 per share, for a total transaction of $32,109.00. Following the completion of the acquisition, the chief executive officer now directly owns 72,992 shares in the company, valued at $3,348,143.04. This represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew J. O’neill acquired 1,080 shares of the stock in a transaction dated Thursday, October 24th. The stock was bought at an average price 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. The trade was a 1.29 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 3,689 shares of company stock valued at $169,668. 10.30% of the stock is owned by 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.