International Assets Investment Management LLC Buys New Position in Central Securities Co. (NYSE:CET)

International Assets Investment Management LLC acquired a new stake in shares of Central Securities Co. (NYSE:CET - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 98,433 shares of the company's stock, valued at approximately $37,180,000. International Assets Investment Management LLC owned approximately 0.35% of Central Securities as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its position in Central Securities by 0.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 209,056 shares of the company's stock valued at $7,411,000 after acquiring an additional 1,516 shares in the last quarter. Shaker Financial Services LLC grew its holdings in Central Securities by 7.0% during the third quarter. Shaker Financial Services LLC now owns 207,886 shares of the company's stock valued at $7,370,000 after purchasing an additional 13,563 shares during the last quarter. Raymond James & Associates grew its holdings in Central Securities by 1.9% during the fourth 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 during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in Central Securities by 19.2% during 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 purchasing an additional 9,896 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in Central Securities by 23.4% during the third quarter. Wolverine Asset Management LLC now owns 43,279 shares of the company's stock valued at $1,534,000 after purchasing an additional 8,219 shares during the last quarter. Institutional investors own 8.68% of the company's stock.

Insider Transactions at Central Securities

In other Central Securities news, VP Andrew J. O'neill purchased 800 shares of the firm's stock in a transaction on Friday, April 19th. The shares were purchased at an average price of $40.13 per share, for a total transaction of $32,104.00. Following the completion of the purchase, the vice president now directly owns 83,639 shares of the company's stock, valued at $3,356,433.07. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have purchased 1,600 shares of company stock worth $64,403. Insiders own 10.30% of the company's stock.

Central Securities Trading Up 0.6 %

Shares of Central Securities stock traded up $0.26 during midday trading on Friday, hitting $41.08. The company had a trading volume of 11,566 shares, compared to its average volume of 26,831. The company's 50 day moving average price is $40.49. Central Securities Co. has a 1-year low of $33.85 and a 1-year high of $41.99.

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.