Shaker Financial Services buys $4,014,846 stake in Central Securities Corp. (CET)

Central Securities Corp. (CET) : Shaker Financial Services scooped up 62,868 additional shares in Central Securities Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 198,264 shares of Central Securities Corp. which is valued at $4,014,846.Central Securities Corp. makes up approximately 2.71% of Shaker Financial Services’s portfolio.

Other Hedge Funds, Including , Midas Management Corp sold out all of its stake in CET during the most recent quarter. The investment firm sold 9,293 shares of CET which is valued $190,414.Kelman-lazarov reduced its stake in CET by selling 2,382 shares or 85.13% in the most recent quarter. The Hedge Fund company now holds 416 shares of CET which is valued at $8,407.

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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