AQR Arbitrage LLC Has $1.92 Million Position in General American Investors Company, Inc. (NYSE:GAM)

AQR Arbitrage LLC trimmed its stake in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 45.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 37,668 shares of the investment management company's stock after selling 31,980 shares during the quarter. AQR Arbitrage LLC owned approximately 0.16% of General American Investors worth $1,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GAM. Park Avenue Securities LLC boosted its stake in General American Investors by 19.2% during the 4th quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company's stock valued at $1,516,000 after purchasing an additional 4,782 shares during the period. Raymond James Financial Inc. bought a new stake in General American Investors during the 4th quarter valued at $797,000. PNC Financial Services Group Inc. raised its stake in shares of General American Investors by 8.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock valued at $127,000 after purchasing an additional 197 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in General American Investors by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock worth $257,000 after purchasing an additional 372 shares in the last quarter. Finally, Savant Capital LLC increased its position in shares of General American Investors by 8.1% during the 4th quarter. Savant Capital LLC now owns 9,221 shares of the investment management company's stock valued at $470,000 after purchasing an additional 689 shares during the period. Institutional investors and hedge funds own 36.85% of the company's stock.

Insider Buying and Selling

In other news, CEO Jeffrey W. Priest bought 1,735 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average cost of $24.75 per share, with a total value of $42,941.25. Following the completion of the transaction, the chief executive officer now directly owns 17,127 shares in the company, valued at approximately $423,893.25. The trade was a 11.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $24.62, for a total transaction of $49,240.00. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 4,885 shares of company stock worth $121,691 and have sold 15,199 shares worth $376,971. Insiders own 8.33% of the company's stock.

General American Investors Trading Up 1.2 %

Shares of General American Investors stock traded up $0.63 during trading on Friday, hitting $51.75. The stock had a trading volume of 7,484 shares, compared to its average volume of 29,209. The business has a fifty day moving average of $49.76 and a two-hundred day moving average of $51.36. General American Investors Company, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $55.44.

General American Investors Cuts Dividend

The firm also recently disclosed a -- dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a dividend yield of 0.9%.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.