Douglass Winthrop Advisors LLC Buys 2,348 Shares of Central Securities Co. (NYSE:CET)

Douglass Winthrop Advisors LLC increased its stake in shares of Central Securities Co. (NYSE:CET) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,658 shares of the company’s stock after purchasing an additional 2,348 shares during the period. Douglass Winthrop Advisors LLC owned approximately 0.20% of Central Securities worth $2,589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CET. Armstrong Advisory Group Inc. bought a new stake in Central Securities in the 4th quarter worth approximately $25,000. Stolper Co bought a new stake in shares of Central Securities in the fourth quarter worth $203,000. Smithfield Trust Co bought a new stake in shares of Central Securities in the third quarter worth $203,000. Commonwealth Equity Services LLC increased its position in Central Securities by 14.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,780 shares of the company’s stock valued at $264,000 after acquiring an additional 751 shares during the last quarter. Finally, Confluence Wealth Services Inc. lifted its holdings in Central Securities by 4.3% in the fourth quarter. Confluence Wealth Services Inc. now owns 6,203 shares of the company’s stock valued at $294,000 after acquiring an additional 254 shares during the period. Institutional investors own 8.68% of the company’s stock.

Insider Buying and Selling

In related news, CEO John C. Hill bought 700 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were bought at an average cost of $45.87 per share, with a total value of $32,109.00. Following the acquisition, the chief executive officer now owns 72,992 shares in the company, valued at $3,348,143.04. This trade represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew J. O’neill purchased 1,309 shares of the business’s stock in a transaction on Monday, January 6th. The shares were bought at an average cost of $45.65 per share, with a total value of $59,755.85. Following the acquisition, the vice president now directly owns 88,146 shares of the company’s stock, valued at $4,023,864.90. This trade represents a 1.51 % increase in their position. The disclosure for this purchase can be found here. 9.50% of the stock is currently owned by insiders.

Central Securities Stock Performance

Central Securities stock opened at $45.38 on Friday. Central Securities Co. has a 52-week low of $40.08 and a 52-week high of $49.51. The business has a 50-day simple moving average of $46.65 and a two-hundred day simple moving average of $46.41.

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.