Stifel Financial Corp Purchases 880 Shares of Central Securities Co. (NYSE:CET)

Stifel Financial Corp raised its position in shares of Central Securities Co. (NYSE:CETFree Report) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,280 shares of the company’s stock after purchasing an additional 880 shares during the period. Stifel Financial Corp owned about 0.08% of Central Securities worth $1,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Pathstone Holdings LLC raised its holdings in shares of Central Securities by 259.7% in the third quarter. Pathstone Holdings LLC now owns 140,198 shares of the company’s stock valued at $6,430,000 after acquiring an additional 101,226 shares in the last quarter. Shaker Financial Services LLC raised 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 valued at $6,388,000 after purchasing an additional 75,646 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Central Securities in the 3rd quarter worth approximately $54,760,000. Raymond James & Associates boosted its stake in shares of Central Securities by 1.0% during the third quarter. Raymond James & Associates now owns 99,620 shares of the company’s stock valued at $4,567,000 after purchasing an additional 962 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Central Securities by 2.0% during the second quarter. Blue Bell Private Wealth Management LLC now owns 95,565 shares of the company’s stock valued at $4,207,000 after buying an additional 1,911 shares during the period. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Central Securities

In other news, CEO John C. Hill purchased 600 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $46.71 per share, with a total value of $28,026.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew J. O’neill acquired 1,080 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $46.09 per share, with a total value of $49,777.20. Following the acquisition, the vice president now owns 84,916 shares in the company, valued at approximately $3,913,778.44. The trade was a 1.29 % increase in their position. The disclosure for this purchase can be found here. 10.30% of the stock is owned by insiders.

Central Securities Stock Performance

Central Securities stock opened at $45.69 on Tuesday. The business has a fifty day moving average of $47.01 and a two-hundred day moving average of $45.26. Central Securities Co. has a twelve month low of $36.89 and a twelve month high of $49.51.

Central Securities Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were given a dividend of $2.05 per share. The ex-dividend date was Friday, November 15th. This represents a yield of 1.3%. This is an increase from Central Securities’s previous semi-annual dividend of $0.20.

About Central Securities

(Free Report)

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.

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Institutional Ownership by Quarter for Central Securities (NYSE:CET)

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