Central Securities Co. (NYSE:CET) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lowered its position in shares of Central Securities Co. (NYSE:CET) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,554 shares of the company’s stock after selling 1,219 shares during the quarter. Institute for Wealth Management LLC. owned approximately 0.07% of Central Securities worth $848,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp boosted its position in Central Securities by 4.1% during the third quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock worth $1,021,000 after acquiring an additional 880 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Central Securities during the third quarter worth approximately $54,760,000. Pathstone Holdings LLC boosted its holdings in shares of Central Securities by 259.7% in the 3rd quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock valued at $6,430,000 after purchasing an additional 101,226 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in shares of Central Securities by 118.7% in the 3rd quarter. Shaker Financial Services LLC now owns 139,353 shares of the company’s stock valued at $6,388,000 after purchasing an additional 75,646 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in shares of Central Securities by 421.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 24,296 shares of the company’s stock valued at $1,114,000 after purchasing an additional 19,635 shares during the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Insider Buying and Selling at Central Securities

In other Central Securities news, VP Andrew J. O’neill bought 1,309 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were acquired at an average price of $45.65 per share, with a total value of $59,755.85. Following the purchase, the vice president now owns 88,146 shares in the company, valued at approximately $4,023,864.90. The trade was a 1.51 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Hill bought 700 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was acquired at an average cost of $45.87 per share, for a total transaction of $32,109.00. Following the purchase, the chief executive officer now owns 72,992 shares in the company, valued at approximately $3,348,143.04. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. 10.30% of the stock is owned by company insiders.

Central Securities Trading Down 0.0 %

Shares of CET opened at $47.66 on Friday. The company’s fifty day moving average is $46.45 and its two-hundred day moving average is $45.73. Central Securities Co. has a fifty-two week low of $37.42 and a fifty-two week high of $49.51.

Central Securities Increases Dividend

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

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.