Quantedge Capital Pte Ltd Has $1.08 Million Stock Holdings in General American Investors Company, Inc. (NYSE:GAM)

Quantedge Capital Pte Ltd cut its holdings in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,117 shares of the investment management company's stock after selling 8,050 shares during the period. Quantedge Capital Pte Ltd owned 0.09% of General American Investors worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GAM. Sit Investment Associates Inc. raised its stake in shares of 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 buying an additional 63,197 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of General American Investors by 139.7% during the 4th quarter. Advisors Asset Management Inc. now owns 66,603 shares of the investment management company's stock valued at $3,397,000 after acquiring an additional 38,814 shares during the last quarter. Cohen & Steers Inc. lifted its stake in shares of General American Investors by 19.8% in the 4th quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company's stock valued at $11,328,000 after purchasing an additional 36,746 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of General American Investors in the 4th quarter worth $1,564,000. Finally, Epoch Investment Partners Inc. grew its stake in shares of General American Investors by 50.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 65,216 shares of the investment management company's stock worth $3,327,000 after purchasing an additional 21,965 shares during the period. Institutional investors own 36.85% of the company's stock.

General American Investors Stock Performance

Shares of GAM stock traded up $0.41 on Tuesday, reaching $53.77. The company had a trading volume of 4,390 shares, compared to its average volume of 29,148. The company has a 50-day moving average of $50.21 and a 200-day moving average of $51.28. General American Investors Company, Inc. has a 12 month low of $41.80 and a 12 month high of $55.44.

Insiders Place Their Bets

In other news, CEO Jeffrey W. Priest bought 1,735 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were purchased at an average price of $24.75 per share, for a total transaction of $42,941.25. Following the purchase, the chief executive officer now owns 17,127 shares of the company's stock, valued at approximately $423,893.25. The trade was a 11.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 stock was sold at an average price of $24.82, for a total value of $431,868.00. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $124,100. This trade represents a 77.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 6,026 shares of company stock worth $149,931 and have sold 32,599 shares worth $808,839. Company 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.