Joel Isaacson & Co. LLC Takes Position in Central Securities Co. (NYSE:CET)

Joel Isaacson & Co. LLC acquired a new position in shares of Central Securities Co. (NYSE:CET - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,070 shares of the company's stock, valued at approximately $678,000. Joel Isaacson & Co. LLC owned 0.05% of Central Securities at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CET. Raymond James Financial Inc. bought a new position in Central Securities during the fourth quarter worth $13,691,000. Blue Bell Private Wealth Management LLC boosted its position in Central Securities by 22.9% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 192,641 shares of the company's stock worth $8,802,000 after purchasing an additional 35,911 shares during the period. Roberts Glore & Co. Inc. IL boosted its position in Central Securities by 2.9% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 34,691 shares of the company's stock worth $1,585,000 after purchasing an additional 970 shares during the period. S&CO Inc. boosted its position in shares of Central Securities by 3.3% in the fourth quarter. S&CO Inc. now owns 16,041 shares of the company's stock valued at $732,000 after acquiring an additional 518 shares during the period. Finally, King Luther Capital Management Corp boosted its position in shares of Central Securities by 4.3% in the fourth quarter. King Luther Capital Management Corp now owns 9,217 shares of the company's stock valued at $421,000 after acquiring an additional 381 shares during the period. 8.68% of the stock is owned by institutional investors.

Central Securities Trading Up 0.1%

Shares of Central Securities stock traded up $0.05 during trading on Tuesday, reaching $47.91. The company's stock had a trading volume of 20,229 shares, compared to its average volume of 28,002. The business's 50-day moving average price is $46.19 and its 200-day moving average price is $45.83. Central Securities Co. has a 52 week low of $40.24 and a 52 week high of $49.51.

Central Securities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Tuesday, June 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.09%.

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.