Central Securities Co. (NYSE:CET) Position Cut by S&CO Inc.

S&CO Inc. trimmed its holdings in Central Securities Co. (NYSE:CET) by 14.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,523 shares of the company’s stock after selling 2,670 shares during the quarter. S&CO Inc.’s holdings in Central Securities were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wolverine Asset Management LLC grew its holdings in Central Securities by 5,584.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 4,661 shares of the company’s stock worth $205,000 after buying an additional 4,579 shares in the last quarter. Raymond James Trust N.A. bought a new position in Central Securities in the 2nd quarter worth approximately $222,000. Evanson Asset Management LLC boosted its stake in Central Securities by 12.4% during the 2nd quarter. Evanson Asset Management LLC now owns 5,576 shares of the company’s stock valued at $245,000 after purchasing an additional 615 shares in the last quarter. Essex Financial Services Inc. bought a new position in Central Securities during the 2nd quarter valued at $302,000. Finally, Cetera Advisors LLC bought a new position in Central Securities during the 1st quarter valued at $606,000. 8.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Central Securities

In related news, VP Andrew J. O’neill acquired 1,080 shares of Central Securities stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost of $46.09 per share, with a total value of $49,777.20. Following the purchase, the vice president now directly owns 84,916 shares in the company, valued at $3,913,778.44. The trade was a 1.29 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Hill acquired 600 shares of Central Securities stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $46.71 per share, with a total value of $28,026.00. Following the completion of the purchase, the chief executive officer now owns 69,296 shares in the company, valued at approximately $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. 10.30% of the stock is currently owned by corporate insiders.

Central Securities Stock Down 1.3 %

Shares of NYSE CET opened at $46.40 on Friday. The stock has a fifty day moving average price of $46.43 and a two-hundred day moving average price of $44.47. Central Securities Co. has a 1 year low of $35.63 and a 1 year high of $49.51.

Central Securities Increases Dividend

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

Central Securities 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.