General American Investors Company, Inc. (NYSE:GAM) Shares Purchased by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its stake in shares of General American Investors Company, Inc. (NYSE:GAM) by 35.9% in the fourth quarter, HoldingsChannel reports. The fund owned 239,050 shares of the investment management company’s stock after buying an additional 63,197 shares during the quarter. Sit Investment Associates Inc.’s holdings in General American Investors were worth $12,194,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in General American Investors by 7.7% in the third quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company’s stock valued at $1,157,000 after purchasing an additional 1,537 shares during the period. Integrated Capital Management Inc. boosted its holdings in shares of General American Investors by 22.1% in the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock valued at $265,000 after purchasing an additional 940 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of General American Investors by 19.2% during the 4th quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company’s stock valued at $1,516,000 after buying an additional 4,782 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of General American Investors during the 4th quarter worth $52,000. Finally, Stolper Co raised its position in shares of General American Investors by 6.7% in the 4th quarter. Stolper Co now owns 5,879 shares of the investment management company’s stock worth $300,000 after buying an additional 368 shares during the period. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General American Investors

In related news, Chairman Spencer Davidson sold 11,199 shares of General American Investors stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $24.83, for a total transaction of $278,071.17. Following the transaction, the chairman now owns 22,400 shares in the company, valued at approximately $556,192. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eugene S. Stark purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired 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 in the company, valued at $362,500. This trade represents a 20.83 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 4,885 shares of company stock worth $121,691. 8.33% of the stock is currently owned by company insiders.

General American Investors Trading Down 5.5 %

Shares of General American Investors stock opened at $46.94 on Friday. The business’s fifty day moving average price is $51.25 and its 200 day moving average price is $52.05. General American Investors Company, Inc. has a twelve month low of $44.54 and a twelve month high of $55.44.

General American Investors Cuts Dividend

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

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.