54,310 Shares in Central Securities Co. (NYSE:CET) Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC acquired a new position in Central Securities Co. (NYSE:CET - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 54,310 shares of the company's stock, valued at approximately $2,490,000. Douglass Winthrop Advisors LLC owned 0.19% of Central Securities as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in Central Securities during the 1st quarter worth approximately $606,000. Evanson Asset Management LLC raised its stake in Central Securities by 12.4% during the 2nd quarter. Evanson Asset Management LLC now owns 5,576 shares of the company's stock worth $245,000 after acquiring an additional 615 shares during the period. Raymond James Trust N.A. bought a new stake in Central Securities during the 2nd quarter worth approximately $222,000. Essex Financial Services Inc. bought a new stake in Central Securities during the 2nd quarter worth approximately $302,000. Finally, FFT Wealth Management LLC raised its stake in Central Securities by 5.9% during the 2nd quarter. FFT Wealth Management LLC now owns 21,596 shares of the company's stock worth $951,000 after acquiring an additional 1,194 shares during the period. Institutional investors own 8.68% of the company's stock.

Insider Buying and Selling at Central Securities

In related news, CEO John C. Hill acquired 600 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of $46.71 per share, with a total value of $28,026.00. Following the acquisition, the chief executive officer now directly owns 69,296 shares in the company, valued at $3,236,816.16. This represents a 0.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Andrew J. O'neill acquired 1,080 shares of the business's stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $46.09 per share, with a total value of $49,777.20. Following the completion of the acquisition, the vice president now owns 84,916 shares in the company, valued at approximately $3,913,778.44. This represents a 1.29 % 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 Price Performance

NYSE CET traded up $0.51 on Monday, reaching $47.03. 39,249 shares of the stock were exchanged, compared to its average volume of 31,398. Central Securities Co. has a one year low of $36.32 and a one year high of $49.51. The company's 50-day simple moving average is $46.64 and its two-hundred day simple moving average is $44.72.

Central Securities Increases Dividend

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

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.