Capital Investment Advisors LLC Sells 2,395 Shares of Central Securities Co. (NYSE:CET)

Capital Investment Advisors LLC reduced its position in Central Securities Co. (NYSE:CET) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,851 shares of the company’s stock after selling 2,395 shares during the quarter. Capital Investment Advisors LLC’s holdings in Central Securities were worth $1,592,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its stake in shares of Central Securities by 18.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,963 shares of the company’s stock valued at $791,000 after buying an additional 2,860 shares in the last quarter. Cetera Investment Advisers lifted its stake in Central Securities by 3.2% during the second quarter. Cetera Investment Advisers now owns 37,700 shares of the company’s stock worth $1,660,000 after purchasing an additional 1,161 shares during the period. Sanctuary Advisors LLC acquired a new stake in Central Securities during the second quarter valued at approximately $2,169,000. Raymond James & Associates grew its stake in shares of Central Securities by 1.0% in the 3rd 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 during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Central Securities in the 3rd quarter worth approximately $54,760,000. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Stock Up 0.2 %

Shares of CET stock opened at $44.88 on Tuesday. The stock’s fifty day simple moving average is $46.65 and its 200 day simple moving average is $45.48. Central Securities Co. has a one year low of $36.89 and a one year high of $49.51.

Central Securities Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were given a $2.05 dividend. The ex-dividend date was Friday, November 15th. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20. This represents a yield of 1.3%.

Insider Buying and Selling

In related news, VP Andrew J. O’neill acquired 1,080 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price of $46.09 per share, for a total transaction of $49,777.20. Following the transaction, the vice president now directly owns 84,916 shares of the company’s stock, valued at approximately $3,913,778.44. This trade represents a 1.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John C. Hill acquired 600 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $46.71 per share, for a total transaction of $28,026.00. Following the completion of the transaction, the chief executive officer now directly owns 69,296 shares in the company, valued at approximately $3,236,816.16. The trade was a 0.87 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,689 shares of company stock worth $169,668 in the last three months. Insiders own 10.30% of the company’s stock.

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.