Joel Isaacson & Co. LLC Makes New Investment in Central Securities Co. (NYSE:CET)

Joel Isaacson & Co. LLC bought a new position in Central Securities Co. (NYSE:CET) in the 1st quarter, Holdings Channel.com reports. The fund bought 15,070 shares of the company’s stock, valued at approximately $678,000.

A number of other institutional investors have also modified their holdings of CET. Raymond James Financial Inc. acquired a new position in Central Securities in the fourth quarter worth about $13,691,000. Bulldog Investors LLP lifted its holdings in Central Securities by 0.3% during the 4th quarter. Bulldog Investors LLP now owns 252,521 shares of the company’s stock worth $11,522,000 after buying an additional 660 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Central Securities by 22.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 192,641 shares of the company’s stock worth $8,802,000 after acquiring an additional 35,911 shares in the last quarter. Shaker Financial Services LLC increased its holdings in shares of Central Securities by 20.3% in the 4th quarter. Shaker Financial Services LLC now owns 167,641 shares of the company’s stock valued at $7,659,000 after acquiring an additional 28,288 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in shares of Central Securities by 13.2% in the 4th quarter. Pathstone Holdings LLC now owns 158,649 shares of the company’s stock valued at $7,241,000 after acquiring an additional 18,451 shares during the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Price Performance

CET stock opened at $47.77 on Monday. The stock’s 50 day simple moving average is $46.06 and its 200 day simple moving average is $45.82. Central Securities Co. has a 12-month low of $40.24 and a 12-month high of $49.51.

Central Securities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.09%.

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.