General American Investors Company, Inc. (NYSE:GAM - Get Free Report) Director Arthur G. Altschul, Jr. sold 2,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $24.83, for a total value of $49,660.00. Following the sale, the director now directly owns 24,400 shares in the company, valued at $605,852. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
General American Investors Trading Down 2.3 %
Shares of NYSE GAM traded down $1.10 during mid-day trading on Monday, reaching $45.87. The company had a trading volume of 44,933 shares, compared to its average volume of 26,728. The firm has a 50 day simple moving average of $51.25 and a two-hundred day simple moving average of $52.03. General American Investors Company, Inc. has a 52-week low of $41.80 and a 52-week high of $55.44.
General American Investors Cuts Dividend
The company also recently disclosed a -- dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a $0.25 dividend. This represents a dividend yield of 0.9%. The ex-dividend date was Monday, February 24th.
Hedge Funds Weigh In On General American Investors
A number of institutional investors have recently modified their holdings of GAM. Armstrong Advisory Group Inc. purchased a new position in General American Investors during the 4th quarter worth $52,000. PNC Financial Services Group Inc. increased its position in General American Investors by 8.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock valued at $127,000 after acquiring an additional 197 shares during the period. Tyler Stone Wealth Management raised its stake in General American Investors by 8.5% during the 4th quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company's stock valued at $249,000 after acquiring an additional 384 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in General American Investors by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock worth $257,000 after acquiring an additional 372 shares during the period. Finally, Integrated Capital Management Inc. grew its stake in shares of General American Investors by 22.1% in the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company's stock valued at $265,000 after purchasing an additional 940 shares during the last quarter. 36.85% of the stock is owned by institutional investors and hedge funds.
About General American Investors
(
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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.
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