Gramercy Funds Management buys $14.1 Million stake in Central Securities Corp. (CET)

Central Securities Corp. (CET) : Gramercy Funds Management scooped up 9,200 additional shares in Central Securities Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 731,831 shares of Central Securities Corp. which is valued at $14.1 Million.Central Securities Corp. makes up approximately 4.02% of Gramercy Funds Management’s portfolio.

Other Hedge Funds, Including , Shaker Financial Services boosted its stake in CET in the latest quarter, The investment management firm added 55,802 additional shares and now holds a total of 135,396 shares of Central Securities Corp. which is valued at $2.6 Million. Central Securities Corp. makes up approx 1.88% of Shaker Financial Services’s portfolio.Deschutes Portfolio Strategy boosted its stake in CET in the latest quarter, The investment management firm added 5,747 additional shares and now holds a total of 218,400 shares of Central Securities Corp. which is valued at $4.2 Million. Central Securities Corp. makes up approx 2.21% of Deschutes Portfolio Strategy’s portfolio.Sii Investments Incwi boosted its stake in CET in the latest quarter, The investment management firm added 4,925 additional shares and now holds a total of 23,002 shares of Central Securities Corp. which is valued at $447,849. Central Securities Corp. makes up approx 0.04% of Sii Investments Incwi’s portfolio.

Central Securities Corporation is a non-diversified closed-end management investment company. The Company’s investment objective is long-term growth of capital. 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. From time to time the Company also invests in securities the resale of which is restricted. It may also invest in exchange-traded securities that do not actively trade. The Company invests in various sectors including insurance technology hardware and equipment banking and finance semiconductor health care diversified industrial software and services energy and retailing among others.

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