General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest Purchases 1,735 Shares

General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest purchased 1,735 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were purchased at an average cost of $24.75 per share, for a total transaction of $42,941.25. Following the completion of the purchase, the chief executive officer now owns 17,127 shares in the company, valued at $423,893.25. This trade represents a 11.27 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

General American Investors Stock Performance

GAM traded up $0.32 during trading on Tuesday, hitting $50.69. 34,313 shares of the company’s stock were exchanged, compared to its average volume of 29,998. General American Investors Company, Inc. has a fifty-two week low of $44.54 and a fifty-two week high of $55.44. The business’s 50 day moving average is $51.55 and its two-hundred day moving average is $52.13.

General American Investors Cuts Dividend

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

Institutional Trading of General American Investors

Several hedge funds have recently added to or reduced their stakes in GAM. PNC Financial Services Group Inc. increased its stake 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 worth $127,000 after purchasing an additional 197 shares during the last quarter. Stolper Co increased its position in General American Investors by 6.7% in the fourth 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 last quarter. Stratos Wealth Partners LTD. raised its stake 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 valued at $257,000 after buying an additional 372 shares during the period. Tyler Stone Wealth Management lifted its position in shares of General American Investors by 8.5% during the 4th quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company’s stock valued at $249,000 after buying an additional 384 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of General American Investors by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,328 shares of the investment management company’s stock worth $527,000 after acquiring an additional 414 shares during the period. 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.