General American Investors Company, Inc. (NYSE:GAM) Chairman Spencer Davidson Sells 11,199 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM) Chairman Spencer Davidson sold 11,199 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $24.83, for a total transaction of $278,071.17. Following the completion of the sale, the chairman now owns 22,400 shares of the company’s stock, valued at $556,192. This trade represents a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

General American Investors Price Performance

General American Investors stock opened at $50.69 on Wednesday. General American Investors Company, Inc. has a 1-year low of $44.54 and a 1-year high of $55.44. The company’s 50-day moving average is $51.50 and its 200 day moving average is $52.12.

General American Investors Cuts Dividend

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

Institutional Investors Weigh In On General American Investors

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake 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. Stolper Co increased its stake in General American Investors by 6.7% in the 4th 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 period. Stratos Wealth Partners LTD. lifted its holdings in 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 valued at $257,000 after buying an additional 372 shares in the last quarter. Tyler Stone Wealth Management lifted its holdings in 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 in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in General American Investors by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,328 shares of the investment management company’s stock valued at $527,000 after buying an additional 414 shares during the period. 36.85% of the stock is owned by institutional investors.

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.