Cetera Investment Advisers Has $868,000 Position in General American Investors Company, Inc. (NYSE:GAM)

Cetera Investment Advisers lifted its position in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 78.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,011 shares of the investment management company's stock after buying an additional 7,492 shares during the quarter. Cetera Investment Advisers owned about 0.07% of General American Investors worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of General American Investors in the fourth quarter worth $797,000. PNC Financial Services Group Inc. increased its position in General American Investors by 8.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock worth $127,000 after acquiring an additional 197 shares during the period. Stratos Wealth Partners LTD. increased its position in General American Investors by 8.0% during the fourth 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. Savant Capital LLC increased its position in General American Investors by 8.1% during the fourth quarter. Savant Capital LLC now owns 9,221 shares of the investment management company's stock worth $470,000 after acquiring an additional 689 shares during the period. Finally, Sanctuary Advisors LLC increased its position in General American Investors by 4.1% during the fourth quarter. Sanctuary Advisors LLC now owns 41,134 shares of the investment management company's stock worth $2,163,000 after acquiring an additional 1,632 shares during the period. 36.85% of the stock is currently owned by institutional investors and hedge funds.

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 dated Thursday, March 6th. The stock was bought at an average cost of $25.00 per share, with a total value of $62,500.00. Following the purchase, the vice president now directly owns 14,500 shares of the company's stock, valued at $362,500. The trade was a 20.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Spencer Davidson sold 11,199 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $24.83, for a total transaction of $278,071.17. Following the transaction, the chairman now directly owns 22,400 shares of the company's stock, valued at $556,192. This represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 7,026 shares of company stock worth $174,731 and have sold 32,599 shares worth $808,839. 8.33% of the stock is owned by corporate insiders.

General American Investors Trading Down 0.1%

General American Investors stock traded down $0.08 on Wednesday, hitting $53.97. The company's stock had a trading volume of 22,940 shares, compared to its average volume of 29,129. The company has a fifty day moving average price of $50.60 and a 200-day moving average price of $51.28. General American Investors Company, Inc. has a one year low of $41.80 and a one year high of $55.44.

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.