International Assets Investment Management LLC Takes $37.18 Million Position in Central Securities Co. (NYSE:CET)

International Assets Investment Management LLC bought a new stake in Central Securities Co. (NYSE:CET) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 98,433 shares of the company’s stock, valued at approximately $37,180,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quad Cities Investment Group LLC increased its stake 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 during the period. Accel Wealth Management increased its position in shares of Central Securities by 4.5% during the fourth quarter. Accel Wealth Management now owns 7,931 shares of the company’s stock worth $300,000 after acquiring an additional 341 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Central Securities by 0.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 209,056 shares of the company’s stock worth $7,411,000 after acquiring an additional 1,516 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in Central Securities by 15.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 11,500 shares of the company’s stock valued at $408,000 after purchasing an additional 1,550 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in Central Securities during the 3rd quarter valued at approximately $57,000. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Central Securities

In related news, VP Andrew J. O’neill acquired 800 shares of Central Securities stock in a transaction on Friday, April 19th. The shares were purchased at an average cost of $40.13 per share, for a total transaction of $32,104.00. Following the purchase, the vice president now directly owns 83,639 shares of the company’s stock, valued at approximately $3,356,433.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders purchased 1,600 shares of company stock valued at $64,403. 10.30% of the stock is currently owned by corporate insiders.

Central Securities Trading Up 0.6 %

CET stock opened at $41.08 on Friday. The business’s 50 day simple moving average is $40.44. Central Securities Co. has a 52-week low of $33.85 and a 52-week 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.