Joel Isaacson & Co. LLC Takes $623,000 Position in General American Investors, Inc. (NYSE:GAM)

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in General American Investors by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company's stock worth $535,000 after acquiring an additional 301 shares in the last quarter. Tyler Stone Wealth Management raised its stake in General American Investors by 8.5% during the fourth quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company's stock worth $249,000 after acquiring an additional 384 shares in the last quarter. First Manhattan CO. LLC. raised its stake in General American Investors by 8.4% during the fourth quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock worth $285,000 after acquiring an additional 434 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in General American Investors by 4.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 23,651 shares of the investment management company's stock worth $1,206,000 after acquiring an additional 931 shares in the last quarter. Institutional investors own 36.85% of the company's stock.

Insiders Place Their Bets

In other news, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $24.62, for a total value of $49,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur G. Altschul, Jr. sold 17,400 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $24.82, for a total value of $431,868.00. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders acquired 2,496 shares of company stock valued at $61,780. 8.33% of the stock is currently owned by corporate insiders.

General American Investors Stock Up 0.2%

NYSE GAM traded up $0.13 during trading on Tuesday, hitting $56.17. 7,294 shares of the company's stock were exchanged, compared to its average volume of 28,711. General American Investors, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $56.41. The stock's 50 day moving average price is $53.23 and its two-hundred day moving average price is $51.75.

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.