Central Securities Co. $CET Position Reduced by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in shares of Central Securities Co. (NYSE:CET) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,864 shares of the company’s stock after selling 2,326 shares during the period. HighTower Advisors LLC owned 0.10% of Central Securities worth $1,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Central Securities by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,294 shares of the company’s stock valued at $733,000 after buying an additional 300 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Central Securities by 763.5% in the first quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $29,000 after buying an additional 565 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Central Securities by 1.4% in the first quarter. Cetera Investment Advisers now owns 42,258 shares of the company’s stock valued at $1,900,000 after buying an additional 576 shares in the last quarter. Bulldog Investors LLP increased its holdings in shares of Central Securities by 0.3% in the fourth quarter. Bulldog Investors LLP now owns 252,521 shares of the company’s stock valued at $11,522,000 after buying an additional 660 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Central Securities by 1.6% in the fourth quarter. First Trust Advisors LP now owns 45,727 shares of the company’s stock valued at $2,089,000 after buying an additional 722 shares in the last quarter. Institutional investors own 8.68% of the company’s stock.

Central Securities Stock Down 0.1%

NYSE CET opened at $49.93 on Tuesday. Central Securities Co. has a 1 year low of $40.24 and a 1 year high of $50.55. The business’s fifty day moving average is $48.39 and its two-hundred day moving average is $46.47.

Central Securities Dividend Announcement

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

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.