Wolverine Asset Management LLC Lowers Stock Position in Central Securities Co. (NYSE:CET)

Wolverine Asset Management LLC cut its position in shares of Central Securities Co. (NYSE:CET) by 45.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,568 shares of the company’s stock after selling 19,711 shares during the period. Wolverine Asset Management LLC owned 0.08% of Central Securities worth $890,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CET. NBC Securities Inc. purchased a new position in Central Securities during the third quarter valued at $57,000. Quad Cities Investment Group LLC lifted its stake in shares of Central Securities by 3.7% in the fourth quarter. Quad Cities Investment Group LLC now owns 7,503 shares of the company’s stock worth $281,000 after buying an additional 268 shares in the last quarter. Accel Wealth Management lifted its stake in shares of Central Securities by 4.5% in the fourth quarter. Accel Wealth Management now owns 7,931 shares of the company’s stock worth $300,000 after buying an additional 341 shares in the last quarter. Advisor Partners II LLC purchased a new position in shares of Central Securities in the third quarter worth about $391,000. Finally, City of London Investment Management Co. Ltd. lifted its stake in shares of Central Securities by 15.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 11,500 shares of the company’s stock worth $408,000 after buying an additional 1,550 shares in the last quarter. 8.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Central Securities

In other news, VP Andrew J. O’neill purchased 800 shares of the stock in a transaction on Friday, April 19th. The stock was bought at an average price of $40.13 per share, for a total transaction of $32,104.00. Following the acquisition, the vice president now directly owns 83,639 shares of the company’s stock, valued at approximately $3,356,433.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 1,300 shares of company stock worth $52,172 over the last three months. Insiders own 10.30% of the company’s stock.

Central Securities Trading Down 1.0 %

Shares of CET stock opened at $40.47 on Friday. Central Securities Co. has a 12 month low of $33.85 and a 12 month high of $41.99. The stock’s 50-day moving average price is $40.21.

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.