General American Investors Company, Inc. (NYSE:GAM) Holdings Lowered by Apexium Financial LP

Apexium Financial LP lowered its stake in General American Investors Company, Inc. (NYSE:GAM) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,345 shares of the investment management company’s stock after selling 200 shares during the quarter. Apexium Financial LP’s holdings in General American Investors were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of General American Investors by 122.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock worth $34,000 after buying an additional 378 shares during the period. Armstrong Advisory Group Inc. purchased a new position in General American Investors during the 4th quarter valued at about $52,000. Farther Finance Advisors LLC purchased a new position in General American Investors during the 3rd quarter valued at about $59,000. Eastern Bank acquired a new position in shares of General American Investors in the 3rd quarter valued at about $92,000. Finally, Tyler Stone Wealth Management boosted its holdings in shares of General American Investors by 100.0% during the third quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock worth $241,000 after purchasing an additional 2,247 shares during the period. Institutional investors and hedge funds own 36.85% of the company’s stock.

Insider Buying and Selling

In other General American Investors news, CEO Jeffrey W. Priest acquired 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $25.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the chief executive officer now owns 15,392 shares in the company, valued at $384,800. The trade was a 63.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 7,250 shares of company stock worth $192,031. Corporate insiders own 8.30% of the company’s stock.

General American Investors Stock Down 1.3 %

Shares of GAM opened at $52.33 on Tuesday. General American Investors Company, Inc. has a 52 week low of $43.48 and a 52 week high of $55.44. The company’s 50 day moving average price is $51.51 and its 200 day moving average price is $52.13.

General American Investors Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, November 18th were paid a $0.45 dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Monday, November 18th.

General American Investors 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.