General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. Sells 2,000 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. sold 2,000 shares of the firm’s 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 directly owns 24,400 shares of the company’s stock, valued at approximately $605,852. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

General American Investors Stock Performance

General American Investors stock opened at $50.70 on Thursday. The firm has a 50-day moving average of $51.44 and a 200-day moving average of $52.11. General American Investors Company, Inc. has a one year low of $44.54 and a one year high of $55.44.

General American Investors Cuts Dividend

The business also recently declared 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 was Monday, February 24th. This represents a yield of 0.9%.

Institutional Investors Weigh In On General American Investors

A number of institutional investors and hedge funds have recently made changes to their positions in GAM. Saba Capital Management L.P. increased its holdings in General American Investors by 42.6% during the fourth quarter. Saba Capital Management L.P. now owns 1,464,300 shares of the investment management company’s stock worth $74,694,000 after buying an additional 437,632 shares during the last quarter. Sit Investment Associates Inc. increased its stake in shares of General American Investors by 35.9% during the 4th quarter. Sit Investment Associates Inc. now owns 239,050 shares of the investment management company’s stock worth $12,194,000 after purchasing an additional 63,197 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of General American Investors by 139.7% in the 4th quarter. Advisors Asset Management Inc. now owns 66,603 shares of the investment management company’s stock valued at $3,397,000 after purchasing an additional 38,814 shares during the period. Cohen & Steers Inc. lifted its stake in General American Investors by 19.8% in the 4th quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company’s stock valued at $11,328,000 after purchasing an additional 36,746 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in General American Investors in the 4th quarter valued at about $1,564,000. 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.