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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of Central Securities in the fourth quarter worth approximately $1,404,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Central Securities by 8.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 207,993 shares of the company's stock worth $9,351,000 after buying an additional 15,352 shares during the period. Shaker Financial Services LLC raised its holdings in shares of Central Securities by 7.9% in the first quarter. Shaker Financial Services LLC now owns 180,813 shares of the company's stock worth $8,129,000 after buying an additional 13,172 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Central Securities by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,294 shares of the company's stock worth $733,000 after buying an additional 300 shares during the period. Finally, NBC Securities Inc. purchased a new position in Central Securities during the 1st quarter worth $42,000. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

Central Securities Trading Up 0.4%

CET traded up $0.22 during trading on Thursday, hitting $50.23. 17,749 shares of the stock were exchanged, compared to its average volume of 24,829. The firm has a 50 day simple moving average of $48.79 and a 200 day simple moving average of $46.59. Central Securities Co. has a 1 year low of $40.24 and a 1 year high of $50.60.

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.