City of London Investment Management Co. Ltd. Increases Stake in Central Securities Co. (NYSE:CET)

City of London Investment Management Co. Ltd. grew its stake in Central Securities Co. (NYSE:CET) by 6.3% during the 4th quarter, HoldingsChannel reports. The firm owned 12,224 shares of the company’s stock after buying an additional 724 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in Central Securities were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Central Securities during the fourth quarter valued at $37,180,000. AQR Arbitrage LLC grew its position in shares of Central Securities by 132.6% during the 3rd quarter. AQR Arbitrage LLC now owns 40,935 shares of the company’s stock valued at $1,451,000 after acquiring an additional 23,339 shares during the period. Raymond James & Associates increased its stake in shares of Central Securities by 1.9% in the 4th quarter. Raymond James & Associates now owns 107,307 shares of the company’s stock valued at $4,053,000 after purchasing an additional 1,996 shares in the last quarter. Quad Cities Investment Group LLC raised its holdings in Central Securities by 3.7% in the 4th quarter. Quad Cities Investment Group LLC now owns 7,503 shares of the company’s stock worth $281,000 after purchasing an additional 268 shares during the period. Finally, Shaker Financial Services LLC raised its holdings in Central Securities by 1.4% in the 4th quarter. Shaker Financial Services LLC now owns 210,770 shares of the company’s stock worth $7,961,000 after purchasing an additional 2,884 shares during the period. Institutional investors and hedge funds own 8.68% of the company’s stock.

Insider Activity

In related news, VP Andrew J. O’neill purchased 800 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was bought at an average price of $40.13 per share, with a total value of $32,104.00. Following the acquisition, the vice president now owns 83,639 shares in the company, valued at $3,356,433.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 1,600 shares of company stock worth $64,403 in the last quarter. Corporate insiders own 10.30% of the company’s stock.

Central Securities Stock Down 0.6 %

CET traded down $0.26 during trading on Tuesday, hitting $43.14. The company’s stock had a trading volume of 51,549 shares, compared to its average volume of 36,152. Central Securities Co. has a twelve month low of $34.19 and a twelve month high of $43.47. The business’s fifty day simple moving average is $41.11 and its 200 day simple moving average is $38.82.

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.