Matisse Capital Has $3.11 Million Stock Position in Central Securities Co. $CET

Key Points

• Matisse Capital raised its stock position in Central Securities Co. (NYSE:CET) by 8.3% during Q2, now owning 65,000 shares valued at around $3.11 million.
• Other hedge funds, including Blue Bell Private Wealth Management and Shaker Financial Services, have also increased their stakes in Central Securities, indicating growing institutional interest.
• Central Securities' stock performance shows a current price of $51.73, with a 1-year trading range between $40.24 and $52.42.

Matisse Capital increased its position in shares of Central Securities Co. (NYSE:CET - Free Report) by 8.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. Central Securities makes up approximately 1.5% of Matisse Capital's holdings, making the stock its 17th biggest holding. Matisse Capital owned approximately 0.22% of Central Securities worth $3,111,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its position in shares of Central Securities by 8.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 207,993 shares of the company's stock worth $9,351,000 after purchasing an additional 15,352 shares in the last quarter. Shaker Financial Services LLC increased its position in shares of Central Securities by 7.9% during the 1st quarter. Shaker Financial Services LLC now owns 180,813 shares of the company's stock worth $8,129,000 after purchasing an additional 13,172 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Central Securities by 1.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,294 shares of the company's stock worth $733,000 after purchasing an additional 300 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Central Securities during the 1st quarter worth about $42,000. Finally, Brasada Capital Management LP acquired a new stake in Central Securities in the 1st quarter valued at about $779,000. Institutional investors and hedge funds own 8.68% of the company's stock.

Central Securities Stock Performance

CET opened at $51.73 on Wednesday. Central Securities Co. has a 1-year low of $40.24 and a 1-year high of $52.42. The firm has a 50-day moving average price of $50.15 and a two-hundred day moving average price of $47.41.

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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