Stolper Co Makes New $203,000 Investment in Central Securities Co. (NYSE:CET)

Stolper Co bought a new position in shares of Central Securities Co. (NYSE:CET) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,444 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors have also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. purchased a new stake in Central Securities during the 4th quarter worth about $25,000. Quad Cities Investment Group LLC lifted its holdings in shares of Central Securities by 4.3% in 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 in the last quarter. Neville Rodie & Shaw Inc. grew its stake in Central Securities by 54.5% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 17,000 shares of the company’s stock valued at $777,000 after acquiring an additional 6,000 shares in the last quarter. Stifel Financial Corp lifted its stake in 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 purchasing an additional 880 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Central Securities by 5.8% in the third quarter. HighTower Advisors LLC now owns 34,258 shares of the company’s stock worth $1,570,000 after purchasing an additional 1,879 shares during the period. 8.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Central Securities

In other Central Securities news, CEO John C. Hill purchased 600 shares of Central Securities stock in a transaction on Wednesday, October 30th. The shares were 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 directly owns 69,296 shares of the company’s stock, valued at approximately $3,236,816.16. The trade was a 0.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Andrew J. O’neill acquired 1,309 shares of the stock in a transaction dated Monday, January 6th. The stock was acquired at an average price of $45.65 per share, with a total value of $59,755.85. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders have bought 3,689 shares of company stock worth $169,668 over the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Central Securities Stock Performance

Shares of NYSE CET opened at $46.06 on Thursday. The stock’s 50-day simple moving average is $46.61 and its two-hundred day simple moving average is $45.49. Central Securities Co. has a twelve month low of $36.89 and a twelve month high of $49.51.

Central Securities Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were paid a $2.05 dividend. This represents a yield of 1.3%. The ex-dividend date was Friday, November 15th. This is a boost 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.