Central Securities Corporation is a non-diversified, closed-end management investment company. The Company's investment objective is long-term growth of capital and its approach is based on value investing. The Company invests primarily in common stocks, but it may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. The Company, from time to time, invests in securities the resale of which is restricted. The Company invests in various sectors, including insurance, technology hardware and equipment, diversified financial, semiconductor, banks, diversified industrial, healthcare, media, real estate investment trusts, retailing and others. Its short-term investments include investments in the United States Treasury Bills.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $637.87 million
- Outstanding Shares: 24,810,000
Average Prices:- 50 Day Moving Avg: $25.03
- 200 Day Moving Avg: $24.76
- 52 Week Range: $20.06 - $25.99
P/E:- Trailing P/E Ratio: 3.9031
- Foreward P/E Ratio: -197.77
- P/E Growth: 0.0000
Sales & Book Value:- Annual Revenue: $11.36 million
- Price / Sales: 56.15
- Book Value: $29.89 per share
- Price / Book: 0.86
Dividend:
Profitability:- EBIDTA: $5.88 million
- Net Margins: 1,132.55%
- Return on Equity: 20.70%
- Return on Assets: 20.68%
Misc:- Average Volume: 17,672 shs.
- Short Ratio: 0.24
Frequently Asked Questions for Central Securities Corp. (NYSE:CET)
What is Central Securities Corp.'s stock symbol?
Central Securities Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "CET."
How often does Central Securities Corp. pay dividends? What is the dividend yield for Central Securities Corp.?
Central Securities Corp. declared a semiannual dividend on Thursday, May 25th. Investors of record on Tuesday, June 13th will be paid a dividend of $0.20 per share on Tuesday, June 27th. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, June 9th. View Central Securities Corp.'s Dividend History.
Who are some of Central Securities Corp.'s key competitors?
Some companies that are related to Central Securities Corp. include TPG Specialty Lending (TSLX), Golub Capital BDC (GBDC), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), Medley Capital Corporation (MCC), Gladstone Investment Corporation (GAIN) and THL Credit (TCRD).
Who are Central Securities Corp.'s key executives?
Central Securities Corp.'s management team includes the folowing people:
- Wilmot Higgins Kidd III, Chairman of the Board, President
- Lawrence P. Vogel, Vice President, Treasurer
- Marlene A. Krumholz, Vice President, Secretary
- John C. Hill, Vice President
- Andrew J. O'Neill, Vice President
- Leo Price Blackford, Lead Independent Director
- Simms C. Browning, Independent Director
- Donald G. Calder, Independent Director
- David C. Colander, Independent Director
- Jay R. Inglis, Independent Director
Who owns Central Securities Corp. stock?
Central Securities Corp.'s stock is owned by a number of of retail and institutional investors. Top institutional investors include Deschutes Portfolio Strategy LLC (1.12%), Shaker Financial Services LLC (1.09%), Royal Bank of Canada (0.21%), Zuckerman Investment Group LLC (0.15%), Institute for Wealth Management LLC. (0.14%) and First Manhattan Co. (0.13%). Company insiders that own Central Securities Corp. stock include Andrew J O'neill, Jay R Inglis, John C Hill, Leo Price Blackford and Simms C Browning. View Institutional Ownership Trends for Central Securities Corp..
Who sold Central Securities Corp. stock? Who is selling Central Securities Corp. stock?
Central Securities Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Shaker Financial Services LLC, CNH Partners LLC, Royal Bank of Canada, Sii Investments Inc. WI, Stratos Wealth Partners LTD. and Citigroup Inc.. View Insider Buying and Selling for Central Securities Corp..
Who bought Central Securities Corp. stock? Who is buying Central Securities Corp. stock?
Central Securities Corp.'s stock was purchased by a variety of institutional investors in the last quarter, including Institute for Wealth Management LLC., Wells Fargo & Company MN and Deschutes Portfolio Strategy LLC. Company insiders that have bought Central Securities Corp. stock in the last two years include Jay R Inglis, John C Hill, Leo Price Blackford and Simms C Browning. View Insider Buying and Selling for Central Securities Corp..
How do I buy Central Securities Corp. stock?
Shares of Central Securities Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Central Securities Corp.'s stock price today?
One share of Central Securities Corp. stock can currently be purchased for approximately $25.71.
MarketBeat Community Rating for Central Securities Corp. (NYSE CET)MarketBeat's community ratings are surveys of what our community members think about Central Securities Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Central Securities Corp. (NYSE:CET) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for Central Securities Corp. (NYSE:CET)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Central Securities Corp. (NYSE:CET)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Central Securities Corp. (NYSE:CET)Current Year EPS Consensus Estimate: $-0.14 EPS
Next Year EPS Consensus Estimate: $-0.13 EPS
Current Dividend Information for Central Securities Corp. (NYSE:CET)| Most Recent Dividend: | 6/27/2017 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 1.56% |
| Dividend Growth: | -35.80% (3 Year Average) |
| Payout Ratio: | -285.71% (Based on This Year's Estimates)
-307.69% (Based on Next Year's Estimates)
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Dividend History by Quarter for Central Securities Corp. (NYSE CET)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/25/2017 | semiannual | $0.20 | 1.6% | 6/9/2017 | 6/13/2017 | 6/27/2017 |
| 11/4/2016 | semiannual | $0.78 | 7.55% | 11/9/2016 | 11/14/2016 | 12/21/2016 |
| 5/26/2016 | semiannual | $0.20 | 2% | 6/10/2016 | 6/14/2016 | 6/28/2016 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Central Securities Corp. (NYSE:CET)Insider Trades by Quarter for Central Securities Corp. (NYSE:CET)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 9/28/2016 | Leo Price Blackford | Director | Buy | 7,500 | $21.49 | $161,175.00 |  |
| 7/8/2016 | Andrew J O'neill | VP | Sell | 1,900 | $19.68 | $37,392.00 | |
| 4/29/2016 | Jay R Inglis | Director | Buy | 7,300 | $19.67 | $143,591.00 | |
| 4/15/2016 | John C Hill | VP | Buy | 1,000 | $19.38 | $19,380.00 | |
| 3/15/2016 | John C Hill | VP | Buy | 1,000 | $18.83 | $18,830.00 | |
| 3/9/2016 | Leo Price Blackford | Director | Buy | 3,700 | $18.67 | $69,079.00 | |
| 3/7/2016 | John C Hill | VP | Buy | 1,000 | $18.74 | $18,740.00 | |
| 2/29/2016 | John C Hill | VP | Buy | 1,200 | $18.15 | $21,780.00 | |
| 2/8/2016 | John C Hill | VP | Buy | 2,000 | $17.27 | $34,540.00 | |
| 2/3/2016 | John C Hill | VP | Buy | 2,000 | $17.76 | $35,520.00 | |
| 12/4/2015 | Simms C Browning | Director | Buy | 5,000 | $19.48 | $97,400.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Central Securities Corp. (NYSE:CET)
Latest Headlines for Central Securities Corp. (NYSE:CET)
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Central Securities Corp. (CET) Chart for Thursday, September, 21, 2017
