Evolve Private Wealth LLC Invests $2.45 Million in Central Securities Corporation $CET

Evolve Private Wealth LLC purchased a new position in shares of Central Securities Corporation (NYSEAMERICAN:CET – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 46,777 shares of the company’s stock, valued at approximately $2,453,000.

Several other institutional investors have also recently added to or reduced their stakes in CET. Blue Bell Private Wealth Management LLC raised its stake in Central Securities by 8.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 311,489 shares of the company’s stock valued at $15,796,000 after acquiring an additional 23,696 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Central Securities by 2.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 803,728 shares of the company’s stock valued at $40,757,000 after purchasing an additional 17,776 shares during the period. S&CO Inc. acquired a new position in shares of Central Securities in the second quarter valued at approximately $798,000. Brasada Capital Management LP raised its stake in shares of Central Securities by 11.5% during the fourth quarter. Brasada Capital Management LP now owns 122,996 shares of the company’s stock worth $6,240,000 after purchasing an additional 12,716 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Central Securities by 65.7% during the fourth quarter. LPL Financial LLC now owns 30,927 shares of the company’s stock worth $1,568,000 after purchasing an additional 12,258 shares during the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

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Central Securities Stock Up 1.0%

Shares of NYSEAMERICAN CET opened at $54.77 on Friday. The stock has a fifty day moving average price of $53.29 and a 200 day moving average price of $52.41. Central Securities Corporation has a 1-year low of $47.82 and a 1-year high of $55.99.

Central Securities Announces Dividend

The company also recently announced a dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.31 dividend. This represents a dividend yield of 117.0%. The ex-dividend date was Friday, June 12th.

Central Securities Profile

(Free Report)

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. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.

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