Envestnet Asset Management Inc. Acquires 5,585 Shares of Central Securities Co. $CET

Envestnet Asset Management Inc. grew its stake in shares of Central Securities Co. (NYSE:CET) by 104.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,957 shares of the company’s stock after acquiring an additional 5,585 shares during the period. Envestnet Asset Management Inc.’s holdings in Central Securities were worth $524,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Shaker Financial Services LLC lifted its holdings in Central Securities by 7.9% during the 1st quarter. Shaker Financial Services LLC now owns 180,813 shares of the company’s stock worth $8,129,000 after purchasing an additional 13,172 shares in the last quarter. Brasada Capital Management LP bought a new stake in shares of Central Securities during the first quarter valued at about $779,000. Wolverine Asset Management LLC lifted its holdings in shares of Central Securities by 254.7% in the first quarter. Wolverine Asset Management LLC now owns 79,881 shares of the company’s stock worth $3,591,000 after buying an additional 57,358 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Central Securities by 43.7% in the first quarter. Advisors Asset Management Inc. now owns 17,786 shares of the company’s stock valued at $800,000 after acquiring an additional 5,411 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in Central Securities during the second quarter valued at approximately $283,000. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

Central Securities Price Performance

Shares of NYSE:CET opened at $48.89 on Tuesday. Central Securities Co. has a one year low of $40.24 and a one year high of $52.44. The firm has a fifty day moving average price of $50.81 and a two-hundred day moving average price of $49.12.

Central Securities Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 14th will be paid a $2.45 dividend. This represents a yield of 1,003.0%. The ex-dividend date is Friday, November 14th.

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.