Central Securities Co. (NYSE:CET) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its position in shares of Central Securities Co. (NYSE:CET) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,523 shares of the company’s stock after selling 1,773 shares during the period. Wolverine Asset Management LLC owned about 0.08% of Central Securities worth $1,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Central Securities during the fourth quarter worth about $25,000. Smithfield Trust Co acquired a new stake in shares of Central Securities during the third quarter worth about $203,000. Stolper Co acquired a new stake in shares of Central Securities during the fourth quarter worth about $203,000. Confluence Wealth Services Inc. increased its position in shares of Central Securities by 4.3% during the fourth quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock worth $294,000 after purchasing an additional 254 shares in the last quarter. Finally, Quad Cities Investment Group LLC grew its holdings in shares of Central Securities by 4.3% during the fourth quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company’s stock worth $315,000 after buying an additional 286 shares during the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Insider Buying and Selling

In other Central Securities news, VP Andrew J. O’neill acquired 1,309 shares of the 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 acquisition, the vice president now owns 88,146 shares of the company’s stock, valued at $4,023,864.90. This trade represents a 1.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Hill acquired 700 shares of the stock in a transaction on 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 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 position. The disclosure for this purchase can be found here. Corporate insiders own 9.50% of the company’s stock.

Central Securities Price Performance

NYSE CET opened at $47.25 on Friday. Central Securities Co. has a 52-week low of $38.59 and a 52-week high of $49.51. The business’s 50-day moving average price is $46.66 and its 200 day moving average price is $46.18.

Central Securities Company 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.