Brasada Capital Management LP Invests $779,000 in Central Securities Co. $CET

Key Points

• Brasada Capital Management LP invested approximately $779,000 in Central Securities Co., acquiring 17,336 shares, which represents about 0.06% of the company's stock.
• Significant shifts in holdings have occurred, with Farther Finance Advisors LLC increasing its stake by 763.5% during the first quarter, now owning 639 shares valued at $29,000.
• Central Securities has declared a quarterly dividend of $0.25, which results in an annualized dividend of $1.00 and a yield of 2.0% for investors.

Brasada Capital Management LP acquired a new position in shares of Central Securities Co. (NYSE:CET - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,336 shares of the company's stock, valued at approximately $779,000. Brasada Capital Management LP owned approximately 0.06% of Central Securities at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Central Securities by 763.5% during the first quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock worth $29,000 after buying an additional 565 shares in the last quarter. NBC Securities Inc. acquired a new position in Central Securities during the first quarter valued at approximately $42,000. Landscape Capital Management L.L.C. lifted its position in shares of 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 worth $287,000 after purchasing an additional 734 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Central Securities by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 12,761 shares of the company's stock worth $583,000 after purchasing an additional 4,259 shares in the last quarter. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Central Securities during the first quarter worth $678,000. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

Central Securities Price Performance

NYSE CET opened at $49.99 on Friday. The company's fifty day simple moving average is $48.63 and its 200-day simple moving average is $46.55. Central Securities Co. has a 52 week low of $40.24 and a 52 week high of $50.55.

Central Securities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Tuesday, June 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.00 annualized dividend and a yield of 2.0%.

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.

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