AQR Arbitrage LLC Has $2.63 Million Holdings in Central Securities Co. $CET

AQR Arbitrage LLC decreased its position in shares of Central Securities Co. (NYSE:CET) by 15.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,852 shares of the company’s stock after selling 10,247 shares during the quarter. AQR Arbitrage LLC owned approximately 0.19% of Central Securities worth $2,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. boosted its stake in shares of Central Securities by 1.8% during the second quarter. Raymond James Financial Inc. now owns 305,304 shares of the company’s stock valued at $14,612,000 after purchasing an additional 5,511 shares in the last quarter. Shaker Financial Services LLC raised its holdings in Central Securities by 17.1% in the 2nd quarter. Shaker Financial Services LLC now owns 211,722 shares of the company’s stock valued at $10,133,000 after buying an additional 30,909 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Central Securities by 104.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,957 shares of the company’s stock worth $524,000 after buying an additional 5,585 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in Central Securities during the 2nd quarter worth approximately $201,000. Finally, Matisse Capital grew its holdings in Central Securities by 8.3% during the 2nd quarter. Matisse Capital now owns 65,000 shares of the company’s stock worth $3,111,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 8.68% of the company’s stock.

Central Securities Stock Down 0.4%

CET stock opened at $50.61 on Friday. The company has a fifty day moving average price of $50.51 and a 200-day moving average price of $49.44. Central Securities Co. has a 52-week low of $40.24 and a 52-week high of $52.44.

Central Securities Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 14th will be given a dividend of $2.45 per share. This represents a dividend yield of 1,003.0%. The ex-dividend date is Friday, November 14th.

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.