Landscape Capital Management L.L.C. Sells 21,285 Shares of General American Investors Company, Inc. (NYSE:GAM)

Landscape Capital Management L.L.C. trimmed its holdings in shares of General American Investors Company, Inc. (NYSE:GAM) by 76.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,507 shares of the investment management company’s stock after selling 21,285 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in General American Investors were worth $332,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GAM. Armstrong Advisory Group Inc. acquired a new position in shares of General American Investors during the 4th quarter valued at $52,000. PNC Financial Services Group Inc. grew its holdings in 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 worth $127,000 after purchasing an additional 197 shares during the period. Tyler Stone Wealth Management increased its stake in 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 valued at $249,000 after purchasing an additional 384 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of General American Investors by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock valued at $257,000 after purchasing an additional 372 shares during the period. Finally, Integrated Capital Management Inc. boosted its position in shares of General American Investors by 22.1% during the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock worth $265,000 after purchasing an additional 940 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Stock Down 2.3 %

Shares of General American Investors stock opened at $45.87 on Tuesday. The business has a 50-day simple moving average of $51.12 and a 200 day simple moving average of $51.98. General American Investors Company, Inc. has a one year low of $41.80 and a one year 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 issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a dividend yield of 0.9%.

Insider Transactions at General American Investors

In other news, Chairman Spencer Davidson sold 11,199 shares of the stock in a transaction that occurred 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 sale, the chairman now directly owns 22,400 shares of the company’s stock, valued at $556,192. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey W. Priest bought 1,735 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were bought at an average cost of $24.75 per share, for a total transaction of $42,941.25. Following the transaction, the chief executive officer now owns 17,127 shares of the company’s stock, valued at $423,893.25. The trade was a 11.27 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 4,885 shares of company stock valued at $121,691 over the last ninety days. 8.33% of the stock is owned by company insiders.

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.