Wolverine Asset Management LLC Trims Stake in Central Securities Co. (NYSE:CET)

Wolverine Asset Management LLC trimmed its position in Central Securities Co. (NYSE:CET - Free Report) by 45.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,568 shares of the company's stock after selling 19,711 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.08% of Central Securities worth $890,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CET. International Assets Investment Management LLC bought a new stake in Central Securities in the fourth quarter worth $37,180,000. Blue Bell Private Wealth Management LLC grew its position in Central Securities by 19.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 61,496 shares of the company's stock valued at $2,323,000 after acquiring an additional 9,896 shares during the period. Accel Wealth Management lifted its holdings in Central Securities by 4.5% during the 4th quarter. Accel Wealth Management now owns 7,931 shares of the company's stock valued at $300,000 after purchasing an additional 341 shares during the last quarter. Raymond James & Associates increased its holdings in Central Securities by 1.9% during the 4th quarter. Raymond James & Associates now owns 107,307 shares of the company's stock valued at $4,053,000 after purchasing an additional 1,996 shares in the last quarter. Finally, Quad Cities Investment Group LLC lifted its position in Central Securities by 3.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 7,503 shares of the company's stock worth $281,000 after buying an additional 268 shares in the last quarter. 8.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Central Securities

In other Central Securities news, VP Andrew J. O'neill bought 800 shares of the business's stock in a transaction on Friday, April 19th. The shares were bought at an average cost of $40.13 per share, for a total transaction of $32,104.00. Following the transaction, the vice president now owns 83,639 shares in the company, valued at approximately $3,356,433.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 1,300 shares of company stock worth $52,172 over the last 90 days. Insiders own 10.30% of the company's stock.

Central Securities Stock Performance

CET traded up $0.42 during mid-day trading on Friday, reaching $41.13. The stock had a trading volume of 35,295 shares, compared to its average volume of 38,863. The stock has a fifty day moving average price of $40.21. Central Securities Co. has a 52 week low of $33.85 and a 52 week high of $41.99.

Central Securities Company 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.