Central Securities Co. $CET Shares Sold by Thomas J. Herzfeld Advisors Inc.

Key Points

• Thomas J. Herzfeld Advisors Inc. reduced its stake in Central Securities Co. by 14.3%, now holding 70,484 shares worth approximately $3,169,000.
• Other institutional investors, including Wolverine Asset Management LLC, have significantly increased their holdings, with Wolverine's stake growing by 254.7% in the first quarter.
• Central Securities recently announced a quarterly dividend of $0.25 per share, leading to an annualized dividend yield of 2.0%.

Thomas J. Herzfeld Advisors Inc. lowered its position in Central Securities Co. (NYSE:CET - Free Report) by 14.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,484 shares of the company's stock after selling 11,753 shares during the period. Central Securities comprises approximately 1.1% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 27th biggest position. Thomas J. Herzfeld Advisors Inc. owned approximately 0.24% of Central Securities worth $3,169,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Citadel Advisors LLC acquired a new position in shares of Central Securities in the fourth quarter worth about $1,404,000. Blue Bell Private Wealth Management LLC raised its position 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 acquiring an additional 15,352 shares during the period. Shaker Financial Services LLC raised its position 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 acquiring an additional 13,172 shares during the period. Cambridge Investment Research Advisors Inc. raised its position 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 acquiring an additional 300 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Central Securities in the first quarter worth about $42,000. Institutional investors and hedge funds own 8.68% of the company's stock.

Central Securities Trading Up 0.0%

Shares of Central Securities stock traded up $0.02 during trading hours on Friday, reaching $49.99. The stock had a trading volume of 21,480 shares, compared to its average volume of 24,979. The stock's 50 day moving average is $48.63 and its 200 day moving average is $46.54. Central Securities Co. has a twelve month low of $40.24 and a twelve month 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, June 17th.

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.