Silver Point Capital L.P. Makes New $1.17 Million Investment in The Central and Eastern Europe Fund, Inc. $CEE

Key Points

• Silver Point Capital acquired 57,030 shares of The Central and Eastern Europe Fund in the second quarter, valued at approximately $1.17 million and representing about 0.87% of the fund.
• Other institutional investors also increased or initiated positions, with hedge funds and institutions collectively owning 34.41% of CEE’s outstanding shares.
• CEE traded down $0.08 to $19.77; its 12-month trading range is $14.76 to $21.98, while its 50-day and 200-day moving averages stand at $20.83 and $20.14, respectively.

Silver Point Capital L.P. acquired a new stake in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,030 shares of the closed-end fund's stock, valued at approximately $1,171,967. The Central and Eastern Europe Fund makes up 0.0% of Silver Point Capital L.P.'s investment portfolio, making the stock its 12th largest holding. Silver Point Capital L.P. owned approximately 0.87% of The Central and Eastern Europe Fund at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Weiss Asset Management LP grew its holdings in The Central and Eastern Europe Fund by 67.2% during the 1st quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund's stock worth $1,665,000 after acquiring an additional 36,569 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of The Central and Eastern Europe Fund by 23.0% during the fourth quarter. Stifel Financial Corp now owns 76,840 shares of the closed-end fund's stock worth $1,360,000 after acquiring an additional 14,384 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of The Central and Eastern Europe Fund in the 1st quarter worth approximately $1,036,000. Janney Montgomery Scott LLC lifted its holdings in The Central and Eastern Europe Fund by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund's stock valued at $640,000 after buying an additional 688 shares during the period. Finally, Wealth Care LLC bought a new position in shares of The Central and Eastern Europe Fund in the first quarter valued at $584,000. Institutional investors and hedge funds own 34.41% of the company's stock.

The Central and Eastern Europe Fund Price Performance

CEE traded down $0.08 during trading on Friday, hitting $19.77. The company's stock had a trading volume of 29,730 shares, compared to its average volume of 25,677. The Central and Eastern Europe Fund, Inc. has a twelve month low of $14.76 and a twelve month high of $21.98. The stock's fifty day moving average price is $20.83 and its 200-day moving average price is $20.14.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc NYSE: CEE is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.

CEE's investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source