Wolverine Asset Management LLC Has $839,000 Stock Position in Central Securities Co. $CET

Wolverine Asset Management LLC reduced its stake in shares of Central Securities Co. (NYSE:CET) by 65.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,330 shares of the company’s stock after selling 31,064 shares during the quarter. Wolverine Asset Management LLC owned 0.06% of Central Securities worth $839,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CET. Ameritas Advisory Services LLC bought a new position in shares of Central Securities during the 2nd quarter worth about $63,000. Bank of America Corp DE acquired a new stake in Central Securities during the second quarter worth about $64,000. Johnson Investment Counsel Inc. acquired a new stake in Central Securities during the second quarter worth about $201,000. Park Avenue Securities LLC bought a new position in Central Securities during the second quarter valued at about $283,000. Finally, Accel Wealth Management raised its holdings in Central Securities by 8.1% in the 2nd quarter. Accel Wealth Management now owns 7,482 shares of the company’s stock valued at $358,000 after acquiring an additional 562 shares in the last quarter. 8.68% of the stock is owned by institutional investors.

Insider Activity

In other Central Securities news, CEO John C. Hill acquired 500 shares of Central Securities stock in a transaction dated Monday, December 29th. The stock was bought at an average cost of $50.91 per share, with a total value of $25,455.00. Following the acquisition, the chief executive officer owned 77,373 shares of the company’s stock, valued at approximately $3,939,059.43. The trade was a 0.65% 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. Corporate insiders own 9.50% of the company’s stock.

Central Securities Trading Up 0.0%

Shares of CET stock opened at $52.00 on Friday. Central Securities Co. has a 12 month low of $40.24 and a 12 month high of $52.44. The stock has a 50 day moving average of $50.56 and a two-hundred day moving average of $50.18.

Central Securities Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, November 14th were issued a $2.45 dividend. This represents a yield of 1,003.0%. The ex-dividend date of this dividend was Friday, November 14th.

Central Securities Company Profile

Central Securities Corporation (NYSE: CET) is a diversified, closed-end management investment company that has operated since its incorporation in 1927. Listed on the New York Stock Exchange, the company offers investors access to a blend of equity and fixed-income strategies within a single vehicle. Headquartered in St. Louis, Missouri, Central Securities seeks to deliver total return through a combination of dividend income and capital appreciation.

The company’s investment strategy emphasizes a core allocation to U.S.