Central Securities Corp. (A:CET)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 630 FIFTH AVENUE, SUITE 820 NEW YORK NY 10111 |
| Tel: | N/A |
| Website: | www.centralsecurities.com |
| IR: | See website |
| Key People | ||
| Wilmot H. Kidd Chairman of the Board | John C. Hill President, Chief Executive Officer, Director | Marlene A. Krumholz Chief Compliance Officer, Vice President, Company Secretary |
| Lawrence P. Vogel Vice President, Treasurer | Andrew J. O'neill Vice President | |
| Business Overview |
| Central Securities Corporation is a non-diversified, closed-end management investment company. The Company's investment objective is long-term growth of capital. Income received from investments is a secondary consideration. In pursuing its investment objective, the Company invests primarily in equity securities. It owns a limited number of companies, and it invests for the long-term. The Company may sell securities for a variety of reasons, including excessive valuation, deteriorating results or to redeploy assets into more promising opportunities. It is not restricted as to the types of securities in which it invests. The Company may invest in securities of issuers with any market capitalization. The Company invests in various sectors, including insurance underwriters, diversified financial, semiconductor, technology hardware and equipment, communication services, health care, energy, software and services, insurance brokers, retailing, and real estate, among others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Central Securities Corp. revenues increased 3% to $21.2M. Net income totaled $223.6M vs. loss of $158.7M. Revenues reflect Interest increase from $906K to $3.9M. Net Income reflects Increase in net unrealized - unaffiliate increase from $192.1M (expense) to $127.6M (income), Increase in net unrealized - affiliated increase from $34.1M (expense) to $45.5M (income), Legal. |
| Employees: | 6 as of Dec 31, 2001 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,177M as of Dec 31, 2023 |
| Annual revenue (TTM): | $21.21M as of Dec 31, 2023 |
| EBITDA (TTM): | $14.66M as of Dec 31, 2023 |
| Net annual income (TTM): | $223.64M as of Dec 31, 2023 |
| Free cash flow (TTM): | $7.29M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 28,387,828 as of Feb 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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