CET
Central Securities Corp.Financial Services·Asset Management
$53.33
$1.6B market cap
Revenue
$38.0M
Free Cash Flow
$10.0M
Rev Growth
+0.0%
FCF Margin
26.3%
P/FCF
157.8x
EV/FCF
152.6x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New York, New York.
2-Year Price History
$53.15+35.0%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2025-Q4 | 38.1 | 160.8 | 160.7 | 160.7 | 10.0 | 10.0 | -0.0 | 57.2 | 5.5 | 29.0 | 54.8% | -- | -- |
Valuation & Metrics
Market Stats
Price$53.33
Market Cap$1.6B
Enterprise Value$1.5B
P/S Ratio41.4x
P/FCF157.8x
EV/FCF152.6x
FCF Margin (TTM)26.3%
FCF Yield0.6%
Dividend Yield (TTM)8.9%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$38.0M
Net Income$160.7M
Free Cash Flow$10.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin422.7%
Net Margin422.4%
FCF Margin26.3%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC54.8%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-19.1%
Need at least 2 settlement dates for chart
Employees
Headcount6
Revenue / Employee$6,341,382
Gross Profit / Employee$5,826,997
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
12.2%(+3.6% YoY)
87 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(-0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Rockefeller Capital Management L.P. | $32.7M | $48.94 | −$7.2M | +$32.7M | -0.1% | $56.28B |
| Bulldog Investors, LLC | $19.7M | $42.49 | +$274K | +$7.0M | -0.9% | $445M |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | $17.4M | $42.97 | +$1.9M | +$7.0M | +0.1% | $696M |
| RAYMOND JAMES FINANCIAL INC | $14.9M | $43.68 | −$1.1M | +$16K | -0.0% | $322.69B |
| MORGAN STANLEY | $10.1M | $35.24 | −$492K | +$589K | -0.3% | $1.65T |
| 1607 Capital Partners, LLC | $9.4M | $38.22 | −$13K | +$2.2M | +0.6% | $1.37B |
| BRASADA CAPITAL MANAGEMENT, LP | $6.3M | $47.99 | +$153K | +$5.4M | +1.9% | $543M |
| CHILTON INVESTMENT CO LLC | $5.3M | $43.44 | +$0 | +$293K | +0.9% | $4.26B |
| THIRD AVENUE MANAGEMENT LLC | $5.1M | $28.31 | +$0 | −$467K | +4.1% | $616M |
| Pathstone Holdings, LLC | $4.6M | $40.42 | +$168K | −$3.1M | -0.8% | $25.10B |
| Matisse Capital | $3.2M | $45.56 | +$0 | +$248K | -0.2% | $233M |
| Douglass Winthrop Advisors, LLC | $3.0M | $42.09 | +$0 | +$138K | -1.0% | $5.46B |
| FIRST TRUST ADVISORS LP | $2.9M | $48.17 | +$135K | +$597K | +0.1% | $139.72B |
| PINNACLE ASSOCIATES LTD | $2.6M | $48.99 | +$0 | +$2.6M | -0.0% | $7.78B |
| UBS Group AG | $2.6M | $38.81 | −$282K | −$440K | -0.3% | $562.11B |
| Colonial Trust Advisors | $2.5M | $30.25 | +$0 | +$88K | -0.4% | $1.29B |
| EVOLVE PRIVATE WEALTH, LLC | $2.5M | $50.71 | −$6K | +$2.5M | +2.7% | $1.87B |
| COHEN & STEERS INC | $2.2M | $49.66 | +$2.2M | +$2.2M | -0.8% | $57.57B |
| ROYAL BANK OF CANADA | $2.2M | $34.95 | −$67K | −$1.1M | -0.2% | $526.36B |
| Cetera Investment Advisers | $2.2M | $38.95 | −$61K | +$64K | -0.2% | $93.23B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+0.11%
avg per quarter
Holders (ex-self)
+0.11%
excl. this stock
Buyers (this Q)
-0.43%
15 buyers · $0.01B in
Sellers (this Q)
-0.06%
33 sellers · $0.02B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-1.4%
how holders react when this stock falls
On quiet Qs
-0.4%
−10% to +10% baseline
On rallies (+10%+)
+5.5%
how they react when this stock rises
Holders' portfolio flow this Q
+3.2%
inflows — adds are organic
Sellers' portfolio flow this Q
+1.7%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
Rockefeller Capital Management L.P.−$7.2Mα-0.1RAYMOND JAMES FINANCIAL INC−$1.1Mα-0.0Thomas J. Herzfeld Advisors, Inc.−$897Kα-0.2MORGAN STANLEY−$492Kα-0.3GUGGENHEIM CAPITAL LLCexited−$355KQuad-Cities Investment Group, LLCexited−$303KUBS Group AG−$282Kα-0.3JANE STREET GROUP, LLCexited−$230KVISTA INVESTMENT PARTNERS II, LLCexited−$201KROYAL BANK OF CANADA−$67Kα-0.2
New buyers this quarter
Top-5 holders · 49.8%
Rockefeller Capital Management L.P.--
Bulldog Investors, LLC--
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC--
RAYMOND JAMES FINANCIAL INC--
MORGAN STANLEY--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Rockefeller Capital Management L.P.658KAtlas Wealth LLC—Bulldog Investors, LLC396KBLUE BELL PRIVATE WEALTH MANAGEMENT, LLC350K1607 Capital Partners, LLC188KRAYMOND JAMES FINANCIAL INC300KRAYMOND JAMES & ASSOCIATES—Matisse Capital65KMORGAN STANLEY203KShaker Financial Services, LLC25K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$31K
2 txns · 1 insider · 600 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-12-29 | BUY | Hill John C | director, officer: CEO & President | 500 | $50.91 | $25K | $3.94M |
| 2025-11-07 | BUY | Hill John C | director, officer: CEO & President | 100 | $50.70 | $5K | $3.72M |
Order Flow (FINRA, ~3w lag)
65.2%retail-4.9pp
5.3%dark-0.9pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.