Concurrent Investment Advisors LLC Takes $1.30 Million Position in Central Securities Co. (NYSE:CET)

Concurrent Investment Advisors LLC acquired a new stake in Central Securities Co. (NYSE:CET) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,444 shares of the company’s stock, valued at approximately $1,300,000. Concurrent Investment Advisors LLC owned approximately 0.10% of Central Securities at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CET. International Assets Investment Management LLC acquired a new stake in shares of Central Securities in the third quarter valued at $54,760,000. Pathstone Holdings LLC boosted its holdings in Central Securities by 259.7% in the third 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 period. Shaker Financial Services LLC boosted its holdings in 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. Douglass Winthrop Advisors LLC purchased a new position in Central Securities in the third quarter valued at $2,490,000. Finally, Wolverine Asset Management LLC boosted its holdings in Central Securities by 421.3% in the third quarter. Wolverine Asset Management LLC now owns 24,296 shares of the company’s stock valued at $1,114,000 after purchasing an additional 19,635 shares during the period. 8.68% of the stock is owned by institutional investors and hedge funds.

Central Securities Trading Down 1.3 %

NYSE:CET opened at $47.25 on Friday. The stock has a fifty day moving average price of $46.66 and a 200 day moving average price of $46.18. Central Securities Co. has a 12-month low of $38.59 and a 12-month high of $49.51.

Insider Activity at Central Securities

In other Central Securities news, CEO John C. Hill purchased 700 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was bought at an average cost of $45.87 per share, with a total value of $32,109.00. Following the acquisition, the chief executive officer now directly owns 72,992 shares of the company’s stock, valued at approximately $3,348,143.04. This represents a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Andrew J. O’neill purchased 1,309 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were acquired at an average cost of $45.65 per share, with a total value of $59,755.85. Following the completion of the acquisition, the vice president now directly owns 88,146 shares in the company, valued at $4,023,864.90. The trade was a 1.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.50% of the stock is currently 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.