Shaker Financial Services LLC Has $6.39 Million Stock Position in Central Securities Co. (NYSE:CET)

Shaker Financial Services LLC increased its stake in shares of Central Securities Co. (NYSE:CET - Free Report) by 118.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,353 shares of the company's stock after buying an additional 75,646 shares during the quarter. Central Securities accounts for 2.4% of Shaker Financial Services LLC's investment portfolio, making the stock its 6th largest holding. Shaker Financial Services LLC owned 0.49% of Central Securities worth $6,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. City of London Investment Management Co. Ltd. lifted its holdings in Central Securities by 175.9% during the first quarter. City of London Investment Management Co. Ltd. now owns 33,724 shares of the company's stock valued at $1,409,000 after purchasing an additional 21,500 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Central Securities during the 1st quarter valued at approximately $606,000. Evanson Asset Management LLC boosted its holdings in Central Securities by 12.4% in the 2nd quarter. Evanson Asset Management LLC now owns 5,576 shares of the company's stock worth $245,000 after buying an additional 615 shares during the period. Raymond James Trust N.A. purchased a new position in Central Securities in the 2nd quarter valued at approximately $222,000. Finally, Essex Financial Services Inc. bought a new stake in Central Securities during the 2nd quarter valued at $302,000. 8.68% of the stock is currently owned by hedge funds and other institutional investors.

Central Securities Trading Up 0.8 %

Shares of NYSE:CET traded up $0.38 during trading on Thursday, hitting $48.82. 17,727 shares of the company were exchanged, compared to its average volume of 31,045. Central Securities Co. has a 52-week low of $34.77 and a 52-week high of $48.98. The stock has a 50 day moving average of $45.84 and a 200 day moving average of $44.09.

Central Securities Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be paid a $2.05 dividend. The ex-dividend date is Friday, November 15th. This represents a yield of 1.3%. This is an increase from Central Securities's previous semi-annual dividend of $0.20.

Insider Buying and Selling at Central Securities

In other news, CEO John C. Hill purchased 600 shares of the stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of $46.71 per share, with a total value of $28,026.00. Following the completion of the acquisition, the chief executive officer now owns 69,296 shares in the company, valued at $3,236,816.16. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Central Securities news, CEO John C. Hill bought 600 shares of Central Securities stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of $46.71 per share, for a total transaction of $28,026.00. Following the completion of the transaction, the chief executive officer now directly owns 69,296 shares in the company, valued at $3,236,816.16. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Andrew J. O'neill purchased 1,080 shares of the stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $46.09 per share, for a total transaction of $49,777.20. Following the acquisition, the vice president now owns 84,916 shares in the company, valued at approximately $3,913,778.44. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 10.30% of the company's stock.

Central Securities Company 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.