Central Securities Co. (NYSE:CET) Shares Acquired by Essex Financial Services Inc.

Essex Financial Services Inc. increased its position in Central Securities Co. (NYSE:CET) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,151 shares of the company’s stock after acquiring an additional 295 shares during the period. Essex Financial Services Inc.’s holdings in Central Securities were worth $327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp grew its holdings in shares of Central Securities by 4.1% in the 3rd 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 period. International Assets Investment Management LLC acquired a new stake in shares of Central Securities in the 3rd quarter worth approximately $54,760,000. Pathstone Holdings LLC grew 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 worth $6,430,000 after acquiring an additional 101,226 shares during the period. Shaker Financial Services LLC grew 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 worth $6,388,000 after acquiring an additional 75,646 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in Central Securities by 421.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 24,296 shares of the company’s stock valued at $1,114,000 after buying an additional 19,635 shares during the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Trading Up 0.7 %

Shares of NYSE:CET opened at $47.91 on Friday. The business’s fifty day moving average price is $46.56 and its two-hundred day moving average price is $45.95. Central Securities Co. has a one year low of $38.28 and a one year high of $49.51.

Insider Buying and Selling at Central Securities

In other Central Securities news, VP Andrew J. O’neill purchased 1,309 shares of Central Securities stock in a transaction on Monday, January 6th. The shares were bought at an average price of $45.65 per share, with a total value of $59,755.85. Following the purchase, the vice president now directly owns 88,146 shares in the company, valued at $4,023,864.90. This trade represents a 1.51 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Hill purchased 700 shares of Central Securities stock in a transaction on Monday, January 6th. The shares were 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 ownership of the stock. The disclosure for this purchase can be found here. 10.30% of the stock is owned by insiders.

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.