Gramercy Funds Management Lowers stake in Central Securities Corp. (CET)

Central Securities Corp. (CET) : Gramercy Funds Management reduced its stake in Central Securities Corp. by 0.06% during the most recent quarter end. The investment management company now holds a total of 731,422 shares of Central Securities Corp. which is valued at $15,081,922 after selling 409 shares in Central Securities Corp. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Central Securities Corp. makes up approximately 6.03% 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 62,868 additional shares and now holds a total of 198,264 shares of Central Securities Corp. which is valued at $4,014,846. Central Securities Corp. makes up approx 2.71% of Shaker Financial Services’s portfolio.Msi Financial Services Inc reduced its stake in CET by selling 40 shares or 6.07% in the most recent quarter. The Hedge Fund company now holds 619 shares of CET which is valued at $12,595.Deschutes Portfolio Strategy boosted its stake in CET in the latest quarter, The investment management firm added 65,200 additional shares and now holds a total of 283,600 shares of Central Securities Corp. which is valued at $5,731,556. Central Securities Corp. makes up approx 3.05% of Deschutes Portfolio Strategy’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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