Brown Brothers Harriman & Co. Has $795,000 Position in Central Securities Co. (NYSE:CET)

Brown Brothers Harriman & Co. reduced its position in Central Securities Co. (NYSE:CET) by 22.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,333 shares of the company’s stock after selling 5,000 shares during the quarter. Brown Brothers Harriman & Co. owned about 0.06% of Central Securities worth $795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CET. Smithfield Trust Co acquired a new stake in Central Securities in the third quarter valued at about $203,000. Wolverine Asset Management LLC grew its holdings in shares of Central Securities by 5,584.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,661 shares of the company’s stock valued at $205,000 after purchasing an additional 4,579 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Central Securities during the 2nd quarter worth approximately $222,000. Evanson Asset Management LLC lifted its stake in Central Securities by 12.4% in the 2nd quarter. Evanson Asset Management LLC now owns 5,576 shares of the company’s stock valued at $245,000 after purchasing an additional 615 shares during the last quarter. Finally, Essex Financial Services Inc. acquired a new stake in Central Securities in the second quarter valued at approximately $302,000. Institutional investors own 8.68% of the company’s stock.

Central Securities Stock Down 0.4 %

NYSE CET opened at $46.83 on Wednesday. Central Securities Co. has a fifty-two week low of $36.32 and a fifty-two week high of $49.51. The firm’s fifty day moving average price is $46.64 and its two-hundred day moving average price is $44.72.

Central Securities Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be given a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a yield of 1.3%. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20.

Insiders Place Their Bets

In other news, VP Andrew J. O’neill acquired 1,080 shares of the stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $46.09 per share, with a total value of $49,777.20. Following the completion of the purchase, the vice president now directly owns 84,916 shares of the company’s stock, valued at $3,913,778.44. This represents a 1.29 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Hill acquired 600 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of $46.71 per share, with a total value of $28,026.00. Following the acquisition, the chief executive officer now owns 69,296 shares in the company, valued at $3,236,816.16. The trade was a 0.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 10.30% of the company’s stock.

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.