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 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
6% more capital invested
Capital invested by funds: $128M [Q3] → $136M (+$7.14M) [Q4]
4% more funds holding
Funds holding: 82 [Q3] → 85 (+3) [Q4]
0.15% more ownership
Funds ownership: 10.26% [Q3] → 10.41% (+0.15%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for CET.
Financial journalist opinion
Positive
Seeking Alpha
1 week ago
CET: This Outperforming Fund Can Complement A Portfolio Well
Central Securities Corporation consistently outperforms the S&P 500 Total Return Index, making it a strong choice for long-term capital growth, despite its lower yield compared to peers. The fund's value-oriented strategy with limited exposure to the technology sector has helped it perform well, especially during periods of market volatility. The technology sector was responsible for much of the year-to-date market decline, so the fact that this fund invests elsewhere, could be very appealing right now.
Neutral
Business Wire
1 month ago
Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2024
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, 2024. Figures as of December 31, 2024, compared with those of one year ago, are as follows: December 31, December 31, 2024 2023 Net assets per common share $54.26 $46.49 Net assets $1,569,940,654 $1,319,864,836 Shares outstanding 28,935,676 28,387,828 Additional details are available at www.cen.
Positive
Seeking Alpha
1 month ago
5 Best CEFs This Month For Nearly 10% Yield (January 2025)
For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. CEFs are generally characterized by higher volatility and deeper draw-downs 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.
Positive
Seeking Alpha
2 months ago
5 Best CEFs This Month For 9% Yield (December 2024)
For income investors, closed-end funds remain an attractive investment class that covers various 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.
Neutral
Business Wire
3 months 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
3 months 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
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 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
4 months 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
5 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
6 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.
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