1607 Capital Partners LLC Decreases Stock Holdings in Central Securities Co. (NYSE:CET)

1607 Capital Partners LLC lowered its stake in Central Securities Co. (NYSE:CET) by 19.2% in the 4th quarter, Holdings Channel reports. The firm owned 177,482 shares of the company’s stock after selling 42,260 shares during the quarter. 1607 Capital Partners LLC’s holdings in Central Securities were worth $8,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CET. Colonial Trust Advisors grew its stake in shares of Central Securities by 2.9% in the fourth quarter. Colonial Trust Advisors now owns 48,760 shares of the company’s stock worth $2,228,000 after purchasing an additional 1,352 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Central Securities by 50.1% during the 4th quarter. Wells Fargo & Company MN now owns 12,761 shares of the company’s stock valued at $583,000 after acquiring an additional 4,259 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of Central Securities by 0.5% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 82,237 shares of the company’s stock worth $3,757,000 after purchasing an additional 386 shares during the period. LPL Financial LLC lifted its holdings in Central Securities by 11.3% during the 4th quarter. LPL Financial LLC now owns 9,968 shares of the company’s stock valued at $455,000 after buying an additional 1,008 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its stake in shares of Central Securities by 4.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 56,658 shares of the company’s stock valued at $2,589,000 after buying an additional 2,348 shares during the period. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Stock Down 0.9 %

Shares of Central Securities stock opened at $43.01 on Wednesday. Central Securities Co. has a 52-week low of $40.08 and a 52-week high of $49.51. The firm’s 50 day moving average price is $45.34 and its 200-day moving average price is $46.21.

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.