Shaker Financial Services LLC Lowers Position in Central Securities Corporation $CET

Key Points

• Shaker Financial Services trimmed its stake in Central Securities by 18.9% in Q4, selling 25,185 shares and now holds 107,720 shares worth about $5.46M (representing 0.37% of CET and ~1.7% of Shaker’s portfolio, its 10th largest position).
• Institutional ownership of CET is relatively low at 8.68%, and the shares opened at $53.14 (near the 52-week high of $53.34) with 50‑ and 200‑day moving averages around $51.

Shaker Financial Services LLC trimmed its stake in Central Securities Corporation (NYSEAMERICAN:CET - Free Report) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,720 shares of the company's stock after selling 25,185 shares during the period. Central Securities comprises about 1.7% of Shaker Financial Services LLC's investment portfolio, making the stock its 10th largest position. Shaker Financial Services LLC owned 0.37% of Central Securities worth $5,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in Central Securities in the fourth quarter valued at $35,000. Bank of America Corp DE bought a new stake in Central Securities in the second quarter valued at $64,000. Noble Wealth Management PBC bought a new stake in Central Securities in the fourth quarter valued at $73,000. Vista Investment Partners II LLC bought a new stake in Central Securities in the third quarter valued at $203,000. Finally, Level Four Advisory Services LLC bought a new stake in Central Securities in the third quarter valued at $212,000. 8.68% of the stock is currently owned by institutional investors.

Central Securities Trading Up 1.1%

Shares of NYSEAMERICAN:CET opened at $53.14 on Friday. The business's fifty day moving average price is $51.12 and its two-hundred day moving average price is $51.03. Central Securities Corporation has a fifty-two week low of $41.37 and a fifty-two week high of $53.34.

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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.

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