46,777 Shares in Central Securities Corporation $CET Acquired by Evolve Private Wealth LLC

Key Points

• Evolve Private Wealth LLC acquired 46,777 shares of Central Securities, valued at approximately $2.45 million, representing about 0.16% of the company.
• Several institutional investors increased their holdings, including Brasada Capital Management, which raised its position by 11.5%; institutions and hedge funds collectively own 8.68% of Central Securities.
• Central Securities shares rose 1.0% to $54.77, near the company’s one-year high of $55.99. The company also paid a $0.31 dividend to eligible shareholders.

Evolve Private Wealth LLC purchased a new position in shares of Central Securities Corporation (NYSEAMERICAN:CET - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 46,777 shares of the company's stock, valued at approximately $2,453,000. Evolve Private Wealth LLC owned approximately 0.16% of Central Securities as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rockefeller Capital Management L.P. raised its holdings in Central Securities by 2.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company's stock worth $40,757,000 after purchasing an additional 17,776 shares in the last quarter. Bulldog Investors LLP raised its stake in Central Securities by 1.4% during the 1st quarter. Bulldog Investors LLP now owns 396,467 shares of the company's stock worth $19,689,000 after acquiring an additional 5,521 shares in the last quarter. Raymond James Financial Inc. lifted its position in Central Securities by 2.3% in the third quarter. Raymond James Financial Inc. now owns 312,216 shares of the company's stock valued at $16,039,000 after acquiring an additional 6,912 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Central Securities by 8.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company's stock valued at $15,796,000 after acquiring an additional 23,696 shares in the last quarter. Finally, Brasada Capital Management LP grew its holdings in shares of Central Securities by 11.5% during the fourth quarter. Brasada Capital Management LP now owns 122,996 shares of the company's stock worth $6,240,000 after purchasing an additional 12,716 shares during the last quarter. 8.68% of the stock is currently owned by institutional investors and hedge funds.

Central Securities Trading Up 1.0%

CET opened at $54.77 on Friday. The business's 50-day simple moving average is $53.29 and its 200-day simple moving average is $52.41. Central Securities Corporation has a one year low of $47.82 and a one year high of $55.99.

Central Securities Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.31 dividend. The ex-dividend date was Friday, June 12th. This represents a yield of 117.0%.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.