General American Investors Company, Inc. (NYSE:GAM) CEO Buys $150,000.00 in Stock

General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $150,000.00. Following the purchase, the chief executive officer now directly owns 15,392 shares in the company, valued at $384,800. This represents a 63.88 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

General American Investors Trading Down 0.5 %

NYSE:GAM traded down $0.24 on Tuesday, hitting $52.16. 1,117 shares of the company’s stock traded hands, compared to its average volume of 28,212. General American Investors Company, Inc. has a 1 year low of $41.88 and a 1 year high of $55.44. The firm has a 50-day moving average price of $52.69 and a 200-day moving average price of $51.66.

General American Investors Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, December 27th. Investors of record on Monday, November 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a dividend yield of 0.8%.

Institutional Investors Weigh In On General American Investors

Several large investors have recently made changes to their positions in GAM. Northwestern Mutual Wealth Management Co. increased its holdings in shares of General American Investors by 122.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 378 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of General American Investors in the third quarter valued at approximately $59,000. Eastern Bank bought a new stake in shares of General American Investors during the 3rd quarter worth $92,000. Tyler Stone Wealth Management grew its stake in General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after buying an additional 2,247 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new position in General American Investors in the 3rd quarter worth $422,000. 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.