AQR Arbitrage LLC Sells 16,261 Shares of Central Securities Co. $CET

Key Points

• AQR Arbitrage LLC reduced its holdings in Central Securities Co. by 20% in the first quarter, owning approximately 65,099 shares valued at about $2.93 million.
• Wolverine Asset Management significantly increased its position by 254.7% during the same period, now owning 79,881 shares worth approximately $3.59 million.
• Central Securities' stock price fluctuated between a 1-year low of $40.24 and a high of $50.55, with its current opening price at $49.98.

AQR Arbitrage LLC trimmed its holdings in shares of Central Securities Co. (NYSE:CET - Free Report) by 20.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,099 shares of the company's stock after selling 16,261 shares during the quarter. AQR Arbitrage LLC owned 0.22% of Central Securities worth $2,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Advisors Asset Management Inc. increased its position in shares of Central Securities by 43.7% during the first quarter. Advisors Asset Management Inc. now owns 17,786 shares of the company's stock valued at $800,000 after acquiring an additional 5,411 shares during the last quarter. Almitas Capital LLC grew its holdings in Central Securities by 1.9% during the first quarter. Almitas Capital LLC now owns 15,735 shares of the company's stock valued at $707,000 after purchasing an additional 299 shares during the period. Royal Bank of Canada grew its holdings in Central Securities by 3.9% during the first quarter. Royal Bank of Canada now owns 66,549 shares of the company's stock valued at $2,993,000 after purchasing an additional 2,521 shares during the period. Brasada Capital Management LP bought a new position in Central Securities during the first quarter valued at $779,000. Finally, Landscape Capital Management L.L.C. grew its holdings in Central Securities by 13.0% during the first quarter. Landscape Capital Management L.L.C. now owns 6,393 shares of the company's stock valued at $287,000 after purchasing an additional 734 shares during the period. 8.68% of the stock is owned by hedge funds and other institutional investors.

Central Securities Price Performance

NYSE CET traded down $0.01 on Monday, hitting $50.21. 6,844 shares of the stock traded hands, compared to its average volume of 24,730. The business's fifty day moving average is $48.90 and its two-hundred day moving average is $46.61. Central Securities Co. has a 12 month low of $40.24 and a 12 month high of $50.97.

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.