Wealth Enhancement Advisory Services LLC Buys Shares of 6,013 General American Investors, Inc. (NYSE:GAM)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of General American Investors, Inc. (NYSE:GAM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,013 shares of the investment management company's stock, valued at approximately $303,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in shares of General American Investors by 78.7% during the fourth quarter. Cetera Investment Advisers now owns 17,011 shares of the investment management company's stock valued at $868,000 after purchasing an additional 7,492 shares during the period. Raymond James Financial Inc. bought a new stake in General American Investors in the fourth quarter valued at $797,000. PNC Financial Services Group Inc. grew its position in 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 valued at $127,000 after acquiring an additional 197 shares during the period. Tompkins Financial Corp bought a new stake in General American Investors in the first quarter valued at $232,000. Finally, First Trust Advisors LP grew its position in General American Investors by 3.0% in the fourth quarter. First Trust Advisors LP now owns 36,230 shares of the investment management company's stock valued at $1,848,000 after acquiring an additional 1,051 shares during the period. Institutional investors own 36.85% of the company's stock.

General American Investors Stock Performance

NYSE:GAM traded up $0.04 during trading hours on Friday, reaching $56.89. The company had a trading volume of 15,611 shares, compared to its average volume of 27,472. The stock has a 50-day moving average of $54.36 and a two-hundred day moving average of $52.05. General American Investors, Inc. has a one year low of $41.80 and a one year high of $57.54.

Insiders Place Their Bets

In other General American Investors news, CEO Jeffrey W. Priest bought 1,141 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of $24.75 per share, for a total transaction of $28,239.75. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $431,868.00. Following the sale, the director owned 5,000 shares in the company, valued at $124,100. The trade was a 77.68% decrease in their position. The disclosure for this sale can be found here. Insiders acquired 2,496 shares of company stock worth $61,780 over the last quarter. Company insiders own 8.33% of the company's stock.

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.