Blue Bell Private Wealth Management LLC Purchases 8,453 Shares of General American Investors, Inc. (NYSE:GAM)

Blue Bell Private Wealth Management LLC increased its position in shares of 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 Securities and Exchange Commission. The institutional investor owned 726,586 shares of the investment management company's stock after acquiring an additional 8,453 shares during the period. General American Investors comprises approximately 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 about 3.10% of General American Investors worth $36,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GAM. Wealth Enhancement Advisory Services LLC acquired a new stake in General American Investors during the first quarter worth about $303,000. Janney Montgomery Scott LLC raised its position in General American Investors by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company's stock worth $535,000 after purchasing an additional 301 shares during the last quarter. Cetera Investment Advisers raised its position in General American Investors by 78.7% in the 4th quarter. Cetera Investment Advisers now owns 17,011 shares of the investment management company's stock worth $868,000 after purchasing an additional 7,492 shares during the last quarter. Raymond James Financial Inc. bought a new position in General American Investors in the 4th quarter worth approximately $797,000. Finally, PNC Financial Services Group Inc. raised its position 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 last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General American Investors news, Director Arthur G. Altschul, Jr. sold 17,400 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $24.82, for a total value of $431,868.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at $124,100. This represents a 77.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey W. Priest purchased 1,141 shares of the stock in a transaction on Thursday, May 8th. The stock was bought at an average cost 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 in the company, 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. Over the last ninety days, 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 Price Performance

Shares of GAM stock traded up $0.55 on Wednesday, hitting $57.76. The stock had a trading volume of 9,353 shares, compared to its average volume of 26,950. General American Investors, Inc. has a twelve month low of $41.80 and a twelve month high of $57.76. The company has a fifty day moving average price of $55.06 and a two-hundred day moving average price of $52.34.

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.