Blue Bell Private Wealth Management LLC Acquires 35,911 Shares of Central Securities Co. (NYSE:CET)

Blue Bell Private Wealth Management LLC grew its position in Central Securities Co. (NYSE:CET - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,641 shares of the company's stock after acquiring an additional 35,911 shares during the quarter. Central Securities comprises approximately 1.7% of Blue Bell Private Wealth Management LLC's portfolio, making the stock its 9th biggest position. Blue Bell Private Wealth Management LLC owned approximately 0.68% of Central Securities worth $8,802,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CET. Stifel Financial Corp increased its position in Central Securities by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 22,280 shares of the company's stock valued at $1,021,000 after acquiring an additional 880 shares during the period. Pathstone Holdings LLC grew its stake in shares of Central Securities by 259.7% in the 3rd quarter. Pathstone Holdings LLC now owns 140,198 shares of the company's stock valued at $6,430,000 after purchasing an additional 101,226 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Central Securities by 118.7% in the third quarter. Shaker Financial Services LLC now owns 139,353 shares of the company's stock valued at $6,388,000 after purchasing an additional 75,646 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Central Securities by 421.3% during the third quarter. Wolverine Asset Management LLC now owns 24,296 shares of the company's stock worth $1,114,000 after purchasing an additional 19,635 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC acquired a new stake in shares of Central Securities during the third quarter worth $2,490,000. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Central Securities

In other Central Securities news, VP Andrew J. O'neill purchased 1,309 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average cost of $45.65 per share, for a total transaction of $59,755.85. Following the completion of the purchase, the vice president now directly owns 88,146 shares in the company, valued at $4,023,864.90. This represents a 1.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Hill acquired 700 shares of the business's stock in a transaction on Monday, January 6th. The stock was acquired at an average price of $45.87 per share, with a total value of $32,109.00. Following the transaction, the chief executive officer now directly owns 72,992 shares of the company's stock, valued at $3,348,143.04. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 9.50% of the company's stock.

Central Securities Stock Performance

NYSE:CET traded down $0.40 during midday trading on Tuesday, reaching $44.51. The stock had a trading volume of 20,859 shares, compared to its average volume of 27,838. The firm has a fifty day simple moving average of $46.75 and a two-hundred day simple moving average of $46.41. Central Securities Co. has a 12-month low of $39.42 and a 12-month high of $49.51.

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.