Central Securities Co. (NYSE:CET) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of Central Securities Co. (NYSE:CET) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,258 shares of the company’s stock after acquiring an additional 1,879 shares during the period. HighTower Advisors LLC’s holdings in Central Securities were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CET. Raymond James Trust N.A. purchased a new stake in shares of Central Securities during the second quarter worth $222,000. Essex Financial Services Inc. acquired a new position in Central Securities during the second quarter worth $302,000. FFT Wealth Management LLC increased its position in Central Securities by 5.9% during the second quarter. FFT Wealth Management LLC now owns 21,596 shares of the company’s stock worth $951,000 after buying an additional 1,194 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Central Securities by 5,584.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,661 shares of the company’s stock valued at $205,000 after acquiring an additional 4,579 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Central Securities by 2.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 95,565 shares of the company’s stock valued at $4,207,000 after acquiring an additional 1,911 shares in the last quarter. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Andrew J. O’neill bought 1,080 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average price of $46.09 per share, with a total value of $49,777.20. Following the transaction, the vice president now directly owns 84,916 shares in the company, valued at approximately $3,913,778.44. The trade was a 1.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John C. Hill purchased 600 shares of the stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $46.71 per share, for a total transaction of $28,026.00. Following the completion of the transaction, the chief executive officer now owns 69,296 shares of the company’s stock, valued at $3,236,816.16. The trade was a 0.87 % increase in their position. The disclosure for this purchase can be found here. 10.30% of the stock is owned by insiders.

Central Securities Stock Performance

CET opened at $46.59 on Monday. Central Securities Co. has a twelve month low of $36.89 and a twelve month high of $49.51. The business has a 50 day moving average price of $47.02 and a 200 day moving average price of $45.16.

Central Securities Increases Dividend

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