General American Investors Company, Inc. (NYSE:GAM) Director Sells $49,240.00 in Stock

General American Investors Company, Inc. (NYSE:GAM) Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $24.62, for a total value of $49,240.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

General American Investors Stock Up 2.1 %

GAM stock traded up $1.02 during trading hours on Friday, hitting $48.98. 8,085 shares of the stock were exchanged, compared to its average volume of 30,247. The company has a 50-day simple moving average of $50.61 and a two-hundred day simple moving average of $51.79. 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 declared a — dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a dividend yield of 0.9%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GAM. Park Avenue Securities LLC increased its stake in shares of General American Investors by 19.2% in 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 purchasing an additional 4,782 shares during the last quarter. Raymond James Financial Inc. acquired a new position in General American Investors during the fourth quarter worth about $797,000. Stratos Wealth Partners LTD. lifted its holdings 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 acquiring an additional 372 shares during the last quarter. Savant Capital LLC boosted its stake in shares of General American Investors by 8.1% in the 4th quarter. Savant Capital LLC now owns 9,221 shares of the investment management company’s stock valued at $470,000 after purchasing an additional 689 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of 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 valued at $127,000 after purchasing an additional 197 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

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.