Pathstone Holdings LLC Has $6.43 Million Position in Central Securities Co. (NYSE:CET)

Pathstone Holdings LLC raised its position in shares of Central Securities Co. (NYSE:CET - Free Report) by 259.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,198 shares of the company's stock after acquiring an additional 101,226 shares during the period. Pathstone Holdings LLC owned approximately 0.49% of Central Securities worth $6,430,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wolverine Asset Management LLC lifted its position in shares of Central Securities by 5,584.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,661 shares of the company's stock worth $205,000 after purchasing an additional 4,579 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of Central Securities during the second quarter worth approximately $222,000. Evanson Asset Management LLC boosted its position in shares of Central Securities by 12.4% in the second quarter. Evanson Asset Management LLC now owns 5,576 shares of the company's stock valued at $245,000 after acquiring an additional 615 shares during the period. Essex Financial Services Inc. acquired a new stake in shares of Central Securities in the second quarter worth $302,000. Finally, Cetera Advisors LLC bought a new position in Central Securities during the first quarter worth $606,000. 8.68% of the stock is currently owned by institutional investors.

Central Securities Price Performance

NYSE:CET traded down $0.12 during trading hours on Friday, hitting $46.52. 28,058 shares of the company traded hands, compared to its average volume of 30,330. Central Securities Co. has a twelve month low of $36.32 and a twelve month high of $49.51. The firm has a 50-day moving average of $46.61 and a 200 day moving average of $44.64.

Central Securities Increases Dividend

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

Insider Buying and Selling

In other Central Securities news, VP Andrew J. O'neill acquired 1,080 shares of Central Securities stock in a transaction dated Thursday, October 24th. The stock was bought at an average cost of $46.09 per share, with a total value of $49,777.20. Following the acquisition, the vice president now owns 84,916 shares of the company's stock, valued at approximately $3,913,778.44. The trade was a 1.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Hill bought 600 shares of the firm's stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $46.71 per share, for a total transaction of $28,026.00. Following the completion of the transaction, the chief executive officer now owns 69,296 shares in the company, valued at $3,236,816.16. This represents a 0.87 % increase in their position. The disclosure for this purchase can be found here. 10.30% of the stock is owned by company insiders.

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.