Wolverine Asset Management LLC Has $3.59 Million Stake in Central Securities Co. (NYSE:CET)

Key Points

• Wolverine Asset Management LLC increased its holdings in Central Securities Co. by 254.7%, owning 79,881 shares worth approximately $3.59 million as of the latest filing with the SEC.
• Central Securities recently declared a quarterly dividend of $0.25 per share, yielding 2.1% annually.
• The stock of Central Securities opened at $48.69, with a 52-week range from $40.24 to $49.51.

Wolverine Asset Management LLC raised its position in Central Securities Co. (NYSE:CET - Free Report) by 254.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,881 shares of the company's stock after purchasing an additional 57,358 shares during the quarter. Wolverine Asset Management LLC owned about 0.28% of Central Securities worth $3,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CET. Citadel Advisors LLC acquired a new position in shares of Central Securities during the fourth quarter valued at approximately $1,404,000. Shaker Financial Services LLC increased its stake in shares of Central Securities by 20.3% during the fourth quarter. Shaker Financial Services LLC now owns 167,641 shares of the company's stock valued at $7,659,000 after acquiring an additional 28,288 shares during the period. Pathstone Holdings LLC increased its stake in shares of Central Securities by 13.2% during the fourth quarter. Pathstone Holdings LLC now owns 158,649 shares of the company's stock valued at $7,241,000 after acquiring an additional 18,451 shares during the period. Almitas Capital LLC acquired a new position in Central Securities in the fourth quarter worth approximately $705,000. Finally, Blue Bell Private Wealth Management LLC grew its position in 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 last quarter. Institutional investors and hedge funds own 8.68% of the company's stock.

Central Securities Trading Up 0.4%

Central Securities stock traded up $0.21 during mid-day trading on Friday, hitting $48.90. The company's stock had a trading volume of 26,509 shares, compared to its average volume of 25,239. Central Securities Co. has a twelve month low of $40.24 and a twelve month high of $49.51. The stock's fifty day moving average price is $47.85 and its two-hundred day moving average price is $46.32.

Central Securities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Tuesday, June 17th were given a $0.25 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $1.00 annualized dividend and a yield of 2.0%.

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.