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

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

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

Central Securities Trading Up 0.0%

Shares of Central Securities 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 company has a 50-day simple moving average of $50.56 and a 200 day simple moving average of $50.18.

Central Securities Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, November 14th were paid a $2.45 dividend. The ex-dividend date was Friday, November 14th. This represents a dividend yield of 1,003.0%.

Insider Activity at Central Securities

In other Central Securities news, CEO John C. Hill bought 500 shares of Central Securities stock in a transaction dated Monday, December 29th. The shares were acquired at an average cost of $50.91 per share, with a total value of $25,455.00. Following the acquisition, the chief executive officer directly owned 77,373 shares of the company’s stock, valued at $3,939,059.43. The trade was a 0.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.50% of the stock is owned by insiders.

Central Securities 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.