Colonial Trust Advisors increased its stake in shares of Central Securities Corp. (NYSEAMERICAN:CET) by 160.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,412 shares of the company’s stock after buying an additional 12,578 shares during the quarter. Colonial Trust Advisors’ holdings in Central Securities were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CET. Thomas J. Herzfeld Advisors Inc. boosted its holdings in Central Securities by 21.2% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 491,434 shares of the company’s stock valued at $13,465,000 after purchasing an additional 85,810 shares during the last quarter. Bulldog Investors LLC boosted its holdings in Central Securities by 8.4% in the fourth quarter. Bulldog Investors LLC now owns 399,077 shares of the company’s stock valued at $10,061,000 after purchasing an additional 30,782 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in Central Securities by 38.8% in the third quarter. Shaker Financial Services LLC now owns 374,738 shares of the company’s stock valued at $9,687,000 after purchasing an additional 104,747 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in Central Securities by 31.3% in the fourth quarter. Guggenheim Capital LLC now owns 35,278 shares of the company’s stock valued at $967,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Central Securities by 78.2% in the fourth quarter. Wells Fargo & Company MN now owns 34,773 shares of the company’s stock valued at $952,000 after purchasing an additional 15,264 shares during the last quarter.

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Shares of Central Securities Corp. (NYSEAMERICAN:CET) opened at $27.62 on Friday. Central Securities Corp. has a 1-year low of $23.37 and a 1-year high of $29.00. The company has a market cap of $716.92, a price-to-earnings ratio of 4.11 and a beta of 0.89.

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About Central Securities

Central Securities Corporation is a non-diversified, closed-end management investment company. The Company’s investment objective is long-term growth of capital and its approach is based on value investing. The Company invests primarily in common stocks, but it may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.

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Institutional Ownership by Quarter for Central Securities (NYSEAMERICAN:CET)

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