Blue Bell Private Wealth Management LLC lifted its stake in General American Investors, Inc. (NYSE:GAM - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 726,586 shares of the investment management company's stock after buying an additional 8,453 shares during the period. General American Investors comprises 6.9% of Blue Bell Private Wealth Management LLC's portfolio, making the stock its 2nd biggest holding. Blue Bell Private Wealth Management LLC owned approximately 3.10% of General American Investors worth $36,598,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GAM. CWM LLC lifted its holdings in General American Investors by 119.8% in the first quarter. CWM LLC now owns 1,321 shares of the investment management company's stock valued at $67,000 after buying an additional 720 shares during the period. PNC Financial Services Group Inc. raised its holdings 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 worth $127,000 after purchasing an additional 197 shares during the period. Tompkins Financial Corp bought a new stake in shares of General American Investors during the first quarter worth $232,000. Tyler Stone Wealth Management grew its position in 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 valued at $249,000 after purchasing an additional 384 shares in the last quarter. Finally, First Manhattan CO. LLC. grew its position in shares of General American Investors by 8.4% in the 4th quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock valued at $285,000 after acquiring an additional 434 shares during the period. Institutional investors own 36.85% of the company's stock.
Insider Buying and Selling at General American Investors
In other General American Investors news, Director Arthur G. Altschul, Jr. sold 17,400 shares of the company's stock in a transaction 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 owned 5,000 shares in the company, valued at approximately $124,100. This represents a 77.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey W. Priest acquired 1,141 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $24.75 per share, with a total value of $28,239.75. Following the acquisition, the chief executive officer directly owned 18,268 shares of the company's stock, valued at $452,133. The trade was a 6.66% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,496 shares of company stock worth $61,780. 8.33% of the stock is owned by insiders.
General American Investors Stock Performance
Shares of NYSE GAM opened at $57.13 on Friday. 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 price of $54.89 and a two-hundred day moving average price of $52.25.
About General American Investors
(
Free Report)
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.
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