General American Investors Company, Inc. (NYSE:GAM) Shares Sold by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd cut its holdings in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 27.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC lifted its stake in General American Investors by 0.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 718,133 shares of the investment management company's stock worth $36,632,000 after purchasing an additional 4,256 shares in the last quarter. Sit Investment Associates Inc. increased its holdings in General American Investors by 35.9% in the fourth quarter. Sit Investment Associates Inc. now owns 239,050 shares of the investment management company's stock valued at $12,194,000 after buying an additional 63,197 shares during the last quarter. Cohen & Steers Inc. increased its holdings in General American Investors by 19.8% in the fourth quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company's stock valued at $11,328,000 after buying an additional 36,746 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in General American Investors by 139.7% in the fourth quarter. Advisors Asset Management Inc. now owns 66,603 shares of the investment management company's stock valued at $3,397,000 after buying an additional 38,814 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in General American Investors by 50.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 65,216 shares of the investment management company's stock valued at $3,327,000 after buying an additional 21,965 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Arthur G. Altschul, Jr. sold 17,400 shares of the firm's stock in a transaction dated 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 now owns 5,000 shares of the company's stock, valued at $124,100. This trade represents a 77.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey W. Priest acquired 1,141 shares of the stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $24.75 per share, for a total transaction of $28,239.75. Following the acquisition, the chief executive officer now directly owns 18,268 shares in the company, valued at $452,133. This represents a 6.66% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 6,026 shares of company stock worth $149,931 and have sold 32,599 shares worth $808,839. 8.33% of the stock is currently owned by company insiders.

General American Investors Stock Performance

Shares of NYSE:GAM opened at $53.46 on Thursday. General American Investors Company, Inc. has a twelve month low of $41.80 and a twelve month high of $55.44. The firm has a 50 day simple moving average of $49.99 and a 200-day simple moving average of $51.31.

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.

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