Raymond James Financial Inc. Purchases New Stake in General American Investors Company, Inc. (NYSE:GAM)

Raymond James Financial Inc. purchased a new stake in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,628 shares of the investment management company's stock, valued at approximately $797,000. Raymond James Financial Inc. owned approximately 0.07% of General American Investors at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC increased its position in shares of General American Investors by 19.2% during the fourth quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company's stock worth $1,516,000 after acquiring an additional 4,782 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in General American Investors by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock worth $127,000 after purchasing an additional 197 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of General American Investors by 8.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock worth $257,000 after purchasing an additional 372 shares during the last quarter. Savant Capital LLC raised its stake in shares of General American Investors by 8.1% in the fourth quarter. Savant Capital LLC now owns 9,221 shares of the investment management company's stock worth $470,000 after purchasing an additional 689 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of General American Investors by 4.1% in the fourth quarter. Sanctuary Advisors LLC now owns 41,134 shares of the investment management company's stock valued at $2,163,000 after purchasing an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company's stock.

Insider Activity

In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $25.00 per share, with a total value of $62,500.00. Following the completion of the transaction, the vice president now owns 14,500 shares of the company's stock, valued at $362,500. The trade was a 20.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Spencer Davidson sold 11,199 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $24.83, for a total value of $278,071.17. Following the completion of the transaction, the chairman now directly owns 22,400 shares in the company, valued at approximately $556,192. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 4,885 shares of company stock worth $121,691 and sold 15,199 shares worth $376,971. 8.33% of the stock is currently owned by corporate insiders.

General American Investors Trading Down 0.4 %

Shares of General American Investors stock opened at $51.44 on Wednesday. The stock has a fifty day simple moving average of $49.78 and a 200 day simple moving average of $51.35. General American Investors Company, Inc. has a 12-month low of $41.80 and a 12-month high of $55.44.

General American Investors Cuts Dividend

The company also recently announced a -- dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a dividend yield of 0.9%.

General American Investors 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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