1607 Capital Partners LLC Sells 32,464 Shares of Central Securities Co. $CET

Key Points

• 1607 Capital Partners LLC reduced its holdings in Central Securities Co. by 18.3%, selling 32,464 shares and now owns a total of 145,018 shares valued at approximately $6.5 million.
• Other institutional investors, such as Wolverine Asset Management, have increased their ownership significantly; Wolverine's holdings rose by 254.7% in the same quarter.
• As for stock performance, shares of Central Securities Co. opened at $49.98, with a 52-week low of $40.24 and a high of $50.55.

1607 Capital Partners LLC trimmed its position in shares of Central Securities Co. (NYSE:CET - Free Report) by 18.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,018 shares of the company's stock after selling 32,464 shares during the period. 1607 Capital Partners LLC owned 0.50% of Central Securities worth $6,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CET. First Trust Advisors LP increased its holdings in Central Securities by 1.6% during the fourth quarter. First Trust Advisors LP now owns 45,727 shares of the company's stock worth $2,089,000 after buying an additional 722 shares during the last quarter. Citadel Advisors LLC acquired a new position in Central Securities during the fourth quarter worth $1,404,000. Cetera Investment Advisers increased its holdings in Central Securities by 6.2% during the fourth quarter. Cetera Investment Advisers now owns 41,682 shares of the company's stock worth $1,904,000 after buying an additional 2,415 shares during the last quarter. Pathstone Holdings LLC increased its holdings in Central Securities by 13.2% during the fourth quarter. Pathstone Holdings LLC now owns 158,649 shares of the company's stock worth $7,241,000 after buying an additional 18,451 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in Central Securities during the first quarter worth $42,000. 8.68% of the stock is currently owned by institutional investors and hedge funds.

Central Securities Price Performance

CET traded down $0.35 during trading on Friday, reaching $50.22. 15,533 shares of the stock were exchanged, compared to its average volume of 24,838. Central Securities Co. has a twelve month low of $40.24 and a twelve month high of $50.97. The stock's 50 day moving average price is $48.90 and its two-hundred day moving average price is $46.61.

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.