Joel Isaacson & Co. LLC Purchases Shares of 12,371 General American Investors, Inc. (NYSE:GAM)

Joel Isaacson & Co. LLC bought a new position in General American Investors, Inc. (NYSE:GAM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,371 shares of the investment management company's stock, valued at approximately $623,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Saba Capital Management L.P. lifted its position in shares of General American Investors by 42.6% during the 4th quarter. Saba Capital Management L.P. now owns 1,464,300 shares of the investment management company's stock valued at $74,694,000 after acquiring an additional 437,632 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in General American Investors by 0.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 718,133 shares of the investment management company's stock valued at $36,632,000 after purchasing an additional 4,256 shares in the last quarter. Sit Investment Associates Inc. raised its holdings in General American Investors by 35.9% during the fourth quarter. Sit Investment Associates Inc. now owns 239,050 shares of the investment management company's stock worth $12,194,000 after purchasing an additional 63,197 shares during the last quarter. Cohen & Steers Inc. raised its holdings in General American Investors by 19.8% during the fourth quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company's stock worth $11,328,000 after purchasing an additional 36,746 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in General American Investors by 139.7% during the fourth quarter. Advisors Asset Management Inc. now owns 66,603 shares of the investment management company's stock worth $3,397,000 after purchasing an additional 38,814 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the company's stock.

General American Investors Stock Up 0.7%

General American Investors stock traded up $0.42 during trading hours on Thursday, hitting $56.62. The stock had a trading volume of 5,576 shares, compared to its average volume of 28,561. General American Investors, Inc. has a 1-year low of $41.80 and a 1-year high of $57.09. The stock's fifty day moving average is $53.52 and its two-hundred day moving average is $51.81.

Insider Buying and Selling

In other General American Investors news, CEO Jeffrey W. Priest purchased 1,141 shares of the stock in a transaction dated Thursday, May 8th. The shares were acquired at an average cost of $24.75 per share, for a total transaction of $28,239.75. Following the completion of the transaction, the chief executive officer directly owned 18,268 shares of the company's stock, valued at $452,133. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Arthur G. Altschul, Jr. sold 17,400 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $124,100. This trade represents a 77.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 2,496 shares of company stock worth $61,780 in the last three months. Corporate 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.