Cohen & Steers Inc. Raises Stock Position in General American Investors Company, Inc. (NYSE:GAM)

Cohen & Steers Inc. boosted its holdings in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 222,069 shares of the investment management company's stock after acquiring an additional 36,746 shares during the period. Cohen & Steers Inc. owned 0.93% of General American Investors worth $11,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. acquired a new stake in shares of General American Investors in the fourth quarter valued at approximately $52,000. PNC Financial Services Group Inc. grew its holdings in General American Investors by 8.6% during 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 buying an additional 197 shares during the last quarter. Tyler Stone Wealth Management raised its holdings in shares of General American Investors by 8.5% in the fourth quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company's stock worth $249,000 after acquiring an additional 384 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of General American Investors by 8.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock valued at $257,000 after acquiring an additional 372 shares in the last quarter. Finally, Integrated Capital Management Inc. boosted its stake in shares of General American Investors by 22.1% during the fourth quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company's stock valued at $265,000 after acquiring an additional 940 shares during the last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Trading Up 0.3 %

GAM stock traded up $0.14 during trading on Friday, hitting $48.96. The stock had a trading volume of 6,339 shares, compared to its average volume of 29,965. General American Investors Company, Inc. has a 1-year low of $41.80 and a 1-year high of $55.44. The company's 50 day moving average price is $50.21 and its two-hundred day moving average price is $51.62.

General American Investors Cuts Dividend

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

Insider Buying and Selling

In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $25.00 per share, with a total value of $62,500.00. Following the purchase, the vice president now owns 14,500 shares in the company, valued at approximately $362,500. This represents a 20.83 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were 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. Over the last 90 days, insiders have bought 4,885 shares of company stock worth $121,691 and have sold 15,199 shares worth $376,971. 8.33% of the stock is owned by company insiders.

About General American Investors

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.