Advisors Asset Management Inc. Has $800,000 Stake in Central Securities Co. $CET

Key Points

• Advisors Asset Management Inc. increased its holdings in Central Securities Co. by 43.7%, acquiring an additional 5,411 shares to total 17,786 shares worth approximately $800,000.
• Other institutional investors also made significant adjustments, with Farther Finance Advisors LLC boosting its stake by 763.5% this quarter, alongside other notable purchases raising total institutional ownership to 8.68%.
• The stock of Central Securities opened at $50.19 and has a 1-year price range between $40.24 and $50.97, with a 50-day moving average of $48.99.

Advisors Asset Management Inc. grew its holdings in shares of Central Securities Co. (NYSE:CET - Free Report) by 43.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,786 shares of the company's stock after purchasing an additional 5,411 shares during the quarter. Advisors Asset Management Inc. owned about 0.06% of Central Securities worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CET. Wolverine Asset Management LLC raised its holdings in shares of Central Securities by 254.7% during the 1st quarter. Wolverine Asset Management LLC now owns 79,881 shares of the company's stock valued at $3,591,000 after purchasing an additional 57,358 shares in the last quarter. Citadel Advisors LLC bought a new position in Central Securities in the 4th quarter worth $1,404,000. Pathstone Holdings LLC raised its holdings in Central Securities by 13.2% in the 4th quarter. Pathstone Holdings LLC now owns 158,649 shares of the company's stock worth $7,241,000 after acquiring an additional 18,451 shares during the period. Brasada Capital Management LP bought a new position in Central Securities in the 1st quarter worth $779,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Central Securities by 8.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 207,993 shares of the company's stock worth $9,351,000 after acquiring an additional 15,352 shares during the period. Institutional investors own 8.68% of the company's stock.

Central Securities Stock Performance

CET traded up $0.34 during trading on Friday, hitting $50.76. The stock had a trading volume of 33,491 shares, compared to its average volume of 24,796. Central Securities Co. has a 12 month low of $40.24 and a 12 month high of $50.97. The company has a 50 day simple moving average of $49.12 and a 200-day simple moving average of $46.72.

Central Securities 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.