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Central Securities Co. (NYSE:CET) Shares Bought by Shaker Financial Services LLC

Central Securities logo with Finance background

Key Points

  • Shaker Financial Services LLC increased its stake in Central Securities Co. by 7.9%, holding 180,813 shares valued at approximately $8.13 million, making it the largest position in the fund's portfolio.
  • Central Securities announced a quarterly dividend of $0.25 per share, which translates to an annualized dividend of $1.00 and a yield of 2.1%.
  • The stock price of Central Securities has recently traded between a 12-month low of $40.24 and a high of $49.51, with a recent opening price of $48.35.
  • Want stock alerts on Central Securities? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shaker Financial Services LLC lifted its stake in Central Securities Co. (NYSE:CET - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,813 shares of the company's stock after acquiring an additional 13,172 shares during the period. Central Securities makes up 3.2% of Shaker Financial Services LLC's portfolio, making the stock its largest holding. Shaker Financial Services LLC owned approximately 0.62% of Central Securities worth $8,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CET. Citadel Advisors LLC bought a new position in Central Securities in the fourth quarter worth $1,404,000. Blue Bell Private Wealth Management LLC raised its stake in shares of 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 valued at $9,351,000 after buying an additional 15,352 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings 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 acquiring an additional 300 shares during the period. NBC Securities Inc. acquired a new stake in shares of Central Securities during the 1st quarter valued at about $42,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Central Securities in the first quarter valued at about $678,000. Institutional investors and hedge funds own 8.68% of the company's stock.

Central Securities Price Performance

Shares of Central Securities stock traded up $0.12 during midday trading on Thursday, hitting $48.69. 24,455 shares of the company were exchanged, compared to its average volume of 25,231. The firm has a 50 day simple moving average of $47.80 and a 200-day simple moving average of $46.31. Central Securities Co. has a 52 week low of $40.24 and a 52 week high of $49.51.

Central Securities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Tuesday, June 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%.

Central Securities Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Central Securities (NYSE:CET)

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