Wolverine Asset Management LLC Lowers Stock Position in Central Securities Co. (NYSE:CET)

Wolverine Asset Management LLC lessened its holdings in Central Securities Co. (NYSE:CET) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,523 shares of the company’s stock after selling 1,773 shares during the quarter. Wolverine Asset Management LLC’s holdings in Central Securities were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new stake in shares of Central Securities during the 4th quarter worth approximately $1,300,000. Essex Financial Services Inc. boosted its stake in shares of Central Securities by 4.3% during the 4th quarter. Essex Financial Services Inc. now owns 7,151 shares of the company’s stock worth $327,000 after acquiring an additional 295 shares in the last quarter. Confluence Wealth Services Inc. boosted its stake in shares of Central Securities by 4.3% during the 4th quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock worth $294,000 after acquiring an additional 254 shares in the last quarter. Stolper Co purchased a new stake in shares of Central Securities during the 4th quarter worth approximately $203,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Central Securities during the 4th quarter worth approximately $25,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Central Securities Price Performance

Shares of NYSE:CET opened at $47.25 on Friday. The business’s 50 day simple moving average is $46.66 and its 200-day simple moving average is $46.18. Central Securities Co. has a 12 month low of $38.59 and a 12 month high of $49.51.

Insider Transactions at Central Securities

In other news, VP Andrew J. O’neill purchased 1,309 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were acquired at an average price of $45.65 per share, with a total value of $59,755.85. Following the purchase, the vice president now directly owns 88,146 shares of the company’s stock, valued at $4,023,864.90. The trade was a 1.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John C. Hill purchased 700 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were purchased at an average cost of $45.87 per share, for a total transaction of $32,109.00. Following the purchase, the chief executive officer now directly owns 72,992 shares in the company, valued at approximately $3,348,143.04. This represents a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 9.50% of the company’s stock.

About Central Securities

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.