Brasada Capital Management LP Buys 12,716 Shares of Central Securities Corporation $CET

Brasada Capital Management LP increased its stake in Central Securities Corporation (NYSEAMERICAN:CET) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 122,996 shares of the company’s stock after acquiring an additional 12,716 shares during the period. Brasada Capital Management LP’s holdings in Central Securities were worth $6,240,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new position in Central Securities in the 4th quarter worth approximately $35,000. Bank of America Corp DE bought a new position in Central Securities in the 2nd quarter worth approximately $64,000. Noble Wealth Management PBC bought a new position in Central Securities in the 4th quarter worth approximately $73,000. Level Four Advisory Services LLC bought a new position in Central Securities in the 3rd quarter worth approximately $212,000. Finally, Williams Jones Wealth Management LLC. bought a new position in Central Securities in the 3rd quarter worth approximately $214,000. Institutional investors own 8.68% of the company’s stock.

Central Securities Stock Performance

CET stock opened at $53.18 on Friday. The company has a 50 day moving average price of $52.59 and a 200 day moving average price of $51.62. Central Securities Corporation has a fifty-two week low of $46.47 and a fifty-two week high of $54.28.

Central Securities Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, June 12th. This represents a dividend yield of 117.0%.

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