S&CO Inc. Decreases Position in Central Securities Co. (NYSE:CET)

S&CO Inc. decreased its stake in Central Securities Co. (NYSE:CET) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,523 shares of the company’s stock after selling 2,670 shares during the period. S&CO Inc. owned approximately 0.05% of Central Securities worth $711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CET. Cetera Advisors LLC purchased a new stake in shares of Central Securities in the first quarter worth about $606,000. Evanson Asset Management LLC boosted its holdings in Central Securities by 12.4% in the second quarter. Evanson Asset Management LLC now owns 5,576 shares of the company’s stock valued at $245,000 after purchasing an additional 615 shares during the last quarter. Raymond James Trust N.A. purchased a new position in Central Securities in the second quarter valued at about $222,000. Essex Financial Services Inc. purchased a new position in Central Securities in the second quarter valued at about $302,000. Finally, FFT Wealth Management LLC boosted its holdings in Central Securities by 5.9% in the second quarter. FFT Wealth Management LLC now owns 21,596 shares of the company’s stock valued at $951,000 after purchasing an additional 1,194 shares during the last quarter. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Price Performance

Shares of CET opened at $46.40 on Friday. The stock has a 50-day moving average price of $46.43 and a 200 day moving average price of $44.47. Central Securities Co. has a one year low of $35.63 and a one year high of $49.51.

Central Securities Increases Dividend

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

Insider Buying and Selling at Central Securities

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

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.