Bulldog Investors LLP Boosts Stake in Central Securities Corporation $CET

Bulldog Investors LLP raised its position in Central Securities Corporation (NYSEAMERICAN:CET) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,046 shares of the company’s stock after purchasing an additional 17,962 shares during the period. Central Securities accounts for 4.6% of Bulldog Investors LLP’s investment portfolio, making the stock its 3rd biggest position. Bulldog Investors LLP owned about 1.33% of Central Securities worth $19,831,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CET. Bank of America Corp DE purchased a new position in Central Securities during the second quarter worth about $64,000. Vista Investment Partners II LLC purchased a new stake in shares of Central Securities in the 3rd quarter valued at about $203,000. Level Four Advisory Services LLC bought a new stake in shares of Central Securities during the 3rd quarter valued at about $212,000. Accel Wealth Management boosted its position in shares of Central Securities by 11.8% during the 3rd quarter. Accel Wealth Management now owns 8,363 shares of the company’s stock valued at $430,000 after acquiring an additional 881 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Central Securities by 15.1% during the second quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after purchasing an additional 1,322 shares in the last quarter. Institutional investors own 8.68% of the company’s stock.

Central Securities Stock Performance

CET stock opened at $50.25 on Friday. The company’s 50 day moving average is $51.85 and its 200 day moving average is $51.04. Central Securities Corporation has a 1-year low of $40.24 and a 1-year high of $52.95.

Insider Activity at Central Securities

In related news, CEO John C. Hill acquired 500 shares of the stock in a transaction dated Monday, December 29th. The shares were purchased at an average price of $50.91 per share, for a total transaction of $25,455.00. Following the transaction, the chief executive officer owned 77,373 shares in the company, valued at $3,939,059.43. This represents a 0.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 9.10% of the stock is owned by insiders.

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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.