General American Investors (NYSE:GAM) Hits New 1-Year Low – What’s Next?

General American Investors Company, Inc. (NYSE:GAM)’s stock price hit a new 52-week low on Monday . The stock traded as low as $41.80 and last traded at $44.50, with a volume of 5586 shares. The stock had previously closed at $46.97.

General American Investors Trading Down 1.8 %

The firm’s 50-day moving average price is $51.25 and its two-hundred day moving average price is $52.03.

General American Investors Cuts Dividend

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

Insider Transactions at General American Investors

In other General American Investors news, CEO Jeffrey W. Priest acquired 1,735 shares of the stock in a transaction on Tuesday, April 1st. The shares were bought at an average cost of $24.75 per share, with a total value of $42,941.25. Following the transaction, the chief executive officer now owns 17,127 shares of the company’s stock, valued at approximately $423,893.25. This trade represents a 11.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arthur G. Altschul, Jr. sold 2,000 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 $49,660.00. Following the completion of the transaction, the director now owns 24,400 shares in the company, valued at approximately $605,852. This represents a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 4,885 shares of company stock worth $121,691. Corporate insiders own 8.33% of the company’s stock.

Hedge Funds Weigh In On General American Investors

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

About General American Investors

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.