Accel Wealth Management Sells 1,047 Shares of Central Securities Co. (NYSE:CET)

Accel Wealth Management lessened its position in Central Securities Co. (NYSE:CET) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,920 shares of the company’s stock after selling 1,047 shares during the period. Accel Wealth Management’s holdings in Central Securities were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Quad Cities Investment Group LLC grew its position in shares of Central Securities by 4.3% in the 4th quarter. Quad Cities Investment Group LLC now owns 6,894 shares of the company’s stock worth $315,000 after buying an additional 286 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in Central Securities in the fourth quarter worth $25,000. Stifel Financial Corp boosted its holdings in Central Securities by 4.1% in the third quarter. Stifel Financial Corp now owns 22,280 shares of the company’s stock valued at $1,021,000 after acquiring an additional 880 shares in the last quarter. Raymond James & Associates increased its position in Central Securities by 1.0% during 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, Cetera Investment Advisers raised its holdings in Central Securities by 3.2% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Stock Down 0.2 %

NYSE:CET opened at $47.36 on Friday. Central Securities Co. has a 12 month low of $37.42 and a 12 month high of $49.51. The company has a 50-day moving average price of $46.35 and a 200-day moving average price of $45.63.

Central Securities Increases Dividend

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

Insider Activity

In related news, VP Andrew J. O’neill acquired 1,309 shares of Central Securities stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average price of $45.65 per share, with a total value of $59,755.85. Following the transaction, the vice president now directly owns 88,146 shares in the company, valued at approximately $4,023,864.90. This represents a 1.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John C. Hill purchased 600 shares of the stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $46.71 per share, with a total value of $28,026.00. Following the transaction, the chief executive officer now owns 69,296 shares in the company, valued at $3,236,816.16. The trade was a 0.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 2,609 shares of company stock worth $119,891 in the last quarter. 10.30% of the stock is owned by company 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.