CET

Central Securities Corp
CET

$45.86

0.09%

Market Cap: $1.3B

About: Central Securities Corp is a non-diversified closed-end management investment company. Its investment objective is long-term growth of capital. The company invests in common stocks, bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks, and corporations.

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

19% more capital invested

Capital invested by funds: $115M [Q1] → $137M (+$21.4M) [Q2]

4% more funds holding

Funds holding: 78 [Q1] → 81 (+3) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

0.26% less ownership

Funds ownership: 11.16% [Q1] → 10.9% (-0.26%) [Q2]

8% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 24

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Research analyst outlook

We haven’t received any recent analyst ratings for CET.

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Financial journalist opinion

CET: A Steady Eddy That Outperforms

The Central Securities Corporation is a boring but profitable equity CEF that has outperformed the S&P 500 in the past year, with the same volatility. CET's emphasis on holding its top holdings for extended periods, including the Plymouth Rock Company, demonstrates a commitment to value investing and fundamental analysis. The fund's focus on increasing its net asset value through variable distributions is a refreshing contrast to the many CEFs that prioritize only income.

CET: A Steady Eddy That Outperforms

Central Securities Corporation Releases Report to Stockholders

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Report to Stockholders for the six months ended June 30, 2024. Figures as of June 30, 2024 compared with those of one year ago, are as follows: June 30, June 30, 2024 2023 Net assets per common share $52.58 $44.18 Net assets $1,492,593,177 $1,235,924,219 Shares outstanding 28,387,828 27,976,386 Additional details are available at www.centralse.

Central Securities Corporation Releases Report to Stockholders

How These 8.3% CEFs Soared Double Digits

We're a little more than halfway through the year now, so it's a great time to check the state of play on our favorite high-yield plays: 8%+ paying closed-end funds (CEFs).

How These 8.3% CEFs Soared Double Digits

CET: Very Attractive 18% Discount, Variable Income, And Excellent Past Performance

Central Securities Corporation is a closed-end fund that primarily invests in a concentrated set of U.S. equities. The CET closed-end fund maintains a large exposure to a privately held insurance company, which investors should be aware of. CET uses zero leverage. CET's past performance has been excellent in almost all time-frames that we compared. In some ways, this is a combination of conventional and alternative investments that an investor can use with the goal of long-term capital appreciation with the benefit of significant income, though variable from one year to the next.

CET: Very Attractive 18% Discount, Variable Income, And Excellent Past Performance

Central Securities Corporation Declares Dividend

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Central Securities Corporation (NYSE American: CET), a closed-end investment company, today declared the following dividend: Record Payment Class of Stock Rate Date Date Common Stock $0.20 6/14/24 6/26/24 Of the $0.20 per share to be paid on June 26, 2024, $0.08 is expected to be taxable as ordinary income and $0.12 is expected to be taxable as long-term capital gain. The final tax breakdown of all amounts paid during 2024 will be availab.

Central Securities Corporation Declares Dividend

Central Securities Corporation Releases Report to Stockholders

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Report to Stockholders for the three months ended March 31, 2024. Figures as of March 31, 2024 compared with those of one year ago, are as follows: March 31, March 31, 2024 2023 Net assets per common share $50.86 $42.07 Net assets $1,443,687,141 $1,177,059,038 Shares outstanding 28,387,828 27,976,386 Additional details are avai.

Central Securities Corporation Releases Report to Stockholders

CET: Overweight Insurance Exposure Warrants Caution

Central Securities Corp outperformed the S&P 500 as an actively managed closed-end fund. The fund has benefited from a highly concentrated portfolio with an overweight exposure to the financial sector and insurance industry. We urge caution towards the fund which could be prone to wider swings of volatility in a shifting market environment.

CET: Overweight Insurance Exposure Warrants Caution

The Most Discounted Closed-End Funds Yielding Up To 8%

Closed-end funds (CEFs) are incredible wealth generators, combining huge (8%+, in many cases) dividends, with the potential for stock-like price gains.

The Most Discounted Closed-End Funds Yielding Up To 8%

5 Best CEFs This Month For 9% Plus Yield (February 2024)

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9% Plus Yield (February 2024)

Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2023

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Annual Report to Stockholders for the year ended December 31, 2023. Figures as of December 31, 2023, compared with those of one year ago, are as follows: December 31, 2023 December 31, 2022 Net assets per common share $46.49 $40.48 Net assets $1,319,864,836 $1,132,835,676 Shares outstanding 28,387,828 27,988,252 Additional details are available at www.central.

Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2023

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