Brasada Capital Management LP Has $6.24 Million Holdings in Central Securities Corporation $CET

Brasada Capital Management LP lifted its holdings in Central Securities Corporation (NYSEAMERICAN:CET) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,996 shares of the company’s stock after acquiring an additional 12,716 shares during the quarter. Brasada Capital Management LP owned approximately 0.43% of Central Securities worth $6,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. acquired a new position in shares of Central Securities in the 4th quarter worth approximately $35,000. Bank of America Corp DE acquired a new position in shares of Central Securities in the 2nd quarter worth approximately $64,000. Noble Wealth Management PBC acquired a new position in shares of Central Securities in the 4th quarter worth approximately $73,000. Level Four Advisory Services LLC acquired a new position in shares of Central Securities in the 3rd quarter worth approximately $212,000. Finally, Williams Jones Wealth Management LLC. acquired a new position in shares of Central Securities in the 3rd quarter worth approximately $214,000. 8.68% of the stock is owned by institutional investors and hedge funds.

Central Securities Price Performance

Shares of CET opened at $53.18 on Friday. Central Securities Corporation has a one year low of $46.47 and a one year high of $54.28. The business’s 50 day simple moving average is $52.59 and its 200-day simple moving average is $51.62.

Central Securities Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. This represents a yield of 117.0%. The ex-dividend date is Friday, June 12th.

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