Wealth Enhancement Advisory Services LLC Acquires New Holdings in General American Investors, Inc. (NYSE:GAM)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of General American Investors, Inc. (NYSE:GAM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,013 shares of the investment management company's stock, valued at approximately $303,000.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of 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 acquiring an additional 197 shares during the period. Tompkins Financial Corp purchased a new stake in shares of General American Investors during the 1st quarter worth approximately $232,000. Tyler Stone Wealth Management raised its holdings in shares of 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 worth $249,000 after acquiring an additional 384 shares in the last quarter. First Manhattan CO. LLC. raised its holdings in shares of 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 acquiring an additional 434 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of General American Investors by 32.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,745 shares of the investment management company's stock worth $293,000 after acquiring an additional 1,418 shares in the last quarter. Institutional investors own 36.85% of the company's stock.

Insider Buying and Selling at General American Investors

In related news, Director Arthur G. Altschul, Jr. sold 17,400 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $24.82, for a total transaction of $431,868.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $124,100. This represents a 77.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey W. Priest bought 1,141 shares of General American Investors stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $24.75 per share, for a total transaction of $28,239.75. Following the purchase, the chief executive officer owned 18,268 shares of the company's stock, valued at approximately $452,133. This trade represents a 6.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,496 shares of company stock worth $61,780 in the last 90 days. 8.33% of the stock is currently owned by insiders.

General American Investors Stock Down 0.0%

Shares of GAM traded down $0.03 during mid-day trading on Thursday, hitting $56.70. 2,478 shares of the stock were exchanged, compared to its average volume of 21,769. General American Investors, Inc. has a 52-week low of $41.80 and a 52-week high of $57.54. The firm has a 50-day moving average of $54.15 and a two-hundred day moving average of $51.98.

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.