6,013 Shares in General American Investors, Inc. (NYSE:GAM) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new stake in General American Investors, Inc. (NYSE:GAM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,013 shares of the investment management company's stock, valued at approximately $303,000.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of General American Investors by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock worth $127,000 after buying an additional 197 shares during the period. Tyler Stone Wealth Management lifted its position in shares of General American Investors by 8.5% in 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 in the last quarter. First Manhattan CO. LLC. grew its position in General American Investors by 8.4% during the 4th quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock worth $285,000 after purchasing an additional 434 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in General American Investors by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,651 shares of the investment management company's stock valued at $1,206,000 after purchasing an additional 931 shares during the period. Finally, First Trust Advisors LP raised its stake in General American Investors by 3.0% during the 4th quarter. First Trust Advisors LP now owns 36,230 shares of the investment management company's stock valued at $1,848,000 after purchasing an additional 1,051 shares during the period. Hedge funds and other institutional investors own 36.85% of the company's stock.

General American Investors Stock Performance

Shares of General American Investors stock traded up $0.04 during midday trading on Friday, hitting $56.89. The company's stock had a trading volume of 11,753 shares, compared to its average volume of 27,662. General American Investors, Inc. has a 1-year low of $41.80 and a 1-year high of $57.54. The stock has a 50-day simple moving average of $54.26 and a 200-day simple moving average of $52.02.

Insider Activity

In related news, Director Arthur G. Altschul, Jr. sold 17,400 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $24.82, for a total transaction of $431,868.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $124,100. The trade was a 77.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey W. Priest bought 1,141 shares of the business's stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $24.75 per share, with a total value of $28,239.75. Following the transaction, the chief executive officer owned 18,268 shares in the company, valued at approximately $452,133. This represents a 6.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 2,496 shares of company stock valued at $61,780. Company insiders own 8.33% of the company's stock.

General American Investors 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.