Wolverine Asset Management LLC Cuts Stock Position in General American Investors Company, Inc. (NYSE:GAM)

Wolverine Asset Management LLC cut its holdings in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 87.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,573 shares of the investment management company's stock after selling 38,800 shares during the quarter. Wolverine Asset Management LLC's holdings in General American Investors were worth $239,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Peoples Bank KS bought a new stake in General American Investors in the third quarter valued at $35,000. Authentikos Wealth Advisory LLC bought a new stake in General American Investors in the third quarter valued at $51,000. Stolper Co boosted its holdings in General American Investors by 5.0% in the fourth quarter. Stolper Co now owns 5,779 shares of the investment management company's stock valued at $248,000 after acquiring an additional 275 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in General American Investors by 6.8% in the third quarter. Janney Montgomery Scott LLC now owns 6,892 shares of the investment management company's stock valued at $284,000 after acquiring an additional 440 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new stake in General American Investors in the third quarter valued at $332,000. 36.85% of the stock is owned by hedge funds and other institutional investors.

General American Investors Stock Performance

NYSE:GAM traded up $0.62 during trading hours on Friday, hitting $46.03. The company had a trading volume of 15,860 shares, compared to its average volume of 29,113. The stock has a 50-day moving average price of $45.45 and a 200 day moving average price of $43.41. General American Investors Company, Inc. has a 52 week low of $38.77 and a 52 week high of $46.81.

Insider Transactions at General American Investors

In other General American Investors news, VP Eugene S. Stark bought 2,500 shares of General American Investors stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average cost of $25.00 per share, with a total value of $62,500.00. Following the transaction, the vice president now directly owns 10,000 shares of the company's stock, valued at $250,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Eugene S. Stark purchased 2,500 shares of the company's stock in a transaction that occurred on Wednesday, April 10th. The shares were bought at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the purchase, the vice president now directly owns 10,000 shares in the company, valued at approximately $250,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey W. Priest purchased 4,000 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average price of $25.09 per share, for a total transaction of $100,360.00. Following the purchase, the chief executive officer now owns 7,200 shares in the company, valued at $180,648. The disclosure for this purchase can be found here. Insiders have acquired 7,230 shares of company stock valued at $190,216 in the last three months. 8.30% of the stock is currently owned by company insiders.

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.