Insider Selling: General American Investors Company, Inc. (NYSE:GAM) Director Sells 2,000 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $24.83, for a total transaction of $49,660.00. Following the completion of the sale, the director now directly owns 24,400 shares of the company’s stock, valued at $605,852. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

General American Investors Stock Performance

General American Investors stock opened at $46.94 on Friday. General American Investors Company, Inc. has a 1-year low of $44.54 and a 1-year high of $55.44. The firm’s fifty day simple moving average is $51.25 and its 200-day simple moving average is $52.05.

General American Investors Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GAM. Armstrong Advisory Group Inc. acquired a new stake in General American Investors in the 4th quarter worth approximately $52,000. PNC Financial Services Group Inc. raised its position in shares of General American Investors by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 197 shares during the period. Tyler Stone Wealth Management lifted its stake in shares of General American Investors by 8.5% in the fourth quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company’s stock worth $249,000 after buying an additional 384 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of General American Investors by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock worth $257,000 after buying an additional 372 shares during the period. Finally, Integrated Capital Management Inc. grew its stake in 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 buying an additional 940 shares during the last quarter. Institutional investors and hedge funds own 36.85% 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.