Wolverine Asset Management LLC Raises Holdings in Central Securities Co. (NYSE:CET)

Wolverine Asset Management LLC grew its stake in shares of Central Securities Co. (NYSE:CET - Free Report) by 421.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,296 shares of the company's stock after purchasing an additional 19,635 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.09% of Central Securities worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Shaker Financial Services LLC grew its position in shares of Central Securities by 118.7% in the 3rd quarter. Shaker Financial Services LLC now owns 139,353 shares of the company's stock valued at $6,388,000 after buying an additional 75,646 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Central Securities during the third quarter worth about $54,760,000. Raymond James & Associates grew its holdings in shares of Central Securities by 1.0% during the third quarter. Raymond James & Associates now owns 99,620 shares of the company's stock worth $4,567,000 after purchasing an additional 962 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of Central Securities by 2.0% during the second quarter. Blue Bell Private Wealth Management LLC now owns 95,565 shares of the company's stock worth $4,207,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Central Securities in the 2nd quarter valued at about $2,169,000. Hedge funds and other institutional investors own 8.68% of the company's stock.

Central Securities Trading Up 0.2 %

NYSE:CET traded up $0.11 during mid-day trading on Wednesday, reaching $49.11. 22,038 shares of the stock were exchanged, compared to its average volume of 30,898. Central Securities Co. has a 1 year low of $35.26 and a 1 year high of $49.51. The company has a 50 day simple moving average of $46.29 and a 200-day simple moving average of $44.38.

Central Securities Increases Dividend

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

Insider Activity at Central Securities

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

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.