CET
Central Securities Corp
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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
1% more funds holding
Funds holding: 81 [Q2] → 82 (+1) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
9% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 22
1.19% less ownership
Funds ownership: 11.45% [Q2] → 10.26% (-1.19%) [Q3]
10% less capital invested
Capital invested by funds: $143M [Q2] → $128M (-$15M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for CET.
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 20, 2024
NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET) announced today that the price at which Common Stock will be issued in payment of the $2.05 per share distribution payable on December 20, 2024 is $47.41 per share. This price is the arithmetic average of the daily volume weighted average price (“VWAP”) of the Corporation's Common Stock for each of the last three trading days ending on and including December 4, 2024, rounded to two decimal places. The distribution wa.
Positive
Seeking Alpha
1 month ago
CET: This Stellar CEF Offers Outperformance And Diversification
Central Securities Corporation offers a 4.86% yield and has outperformed the S&P 500 over 30 years, making it attractive for long-term capital appreciation. The fund's portfolio is diversified, focusing on undervalued equities, and is less concentrated in technology compared to the S&P 500. Trading at a 16.62% discount to NAV, Central Securities Corporation provides a cost-effective investment with a low expense ratio of 0.53%.
Neutral
Business Wire
1 month ago
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 nine months ended September 30, 2024. Figures as of September 30, 2024 compared with those of one year ago, are as follows: September 30, September 30, 2024 2023 Net assets per common share $56.17 $43.63 Net assets $1,594,454,696 $1,218,907,463 Shares outstanding 28,387,828 27,939,274 Additional details are a.
Neutral
Business Wire
1 month ago
Central Securities Corporation Declares Year-End Distribution
NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today declared a distribution of $2.05 per share on its Common Stock. The dividend is payable December 20, 2024 to stockholders of record November 15, 2024. The distribution will be paid in additional shares of stock unless stockholders elect to receive the distribution in cash. The cut-off date for election of cash is December 4, 2024 (the “Cut-Off Date”). Stockholders who own their.
Positive
Seeking Alpha
2 months ago
The ABCs On CEFs
Closed-end funds offer unique advantages like fixed share numbers, no redemption liquidity issues, and exposure to hard-to-access asset classes, enhancing portfolio diversification. CEFs can trade at significant discounts or premiums to NAV due to supply and demand, unlike mutual funds and ETFs which align closely with NAV. Nuveen's AMT-Free Municipal Value Fund is a low-risk CEF with strong distribution coverage, primarily investing in investment-grade municipal bonds and trading at a discount to NAV.
Positive
Seeking Alpha
3 months ago
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.
Neutral
Business Wire
4 months ago
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.
Positive
Forbes
4 months ago
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).
Positive
Seeking Alpha
6 months ago
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.
Neutral
Business Wire
7 months ago
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.
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