C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases 3,558 Shares of General American Investors Company, Inc. (NYSE:GAM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of General American Investors Company, Inc. (NYSE:GAM) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,134 shares of the investment management company’s stock after acquiring an additional 3,558 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.05% of General American Investors worth $670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new stake in shares of General American Investors during the fourth quarter worth about $52,000. Farther Finance Advisors LLC acquired a new position in General American Investors in the 3rd quarter valued at approximately $59,000. Eastern Bank bought a new stake in shares of General American Investors in the third quarter worth $92,000. Tyler Stone Wealth Management raised its position in General American Investors by 100.0% during the 3rd 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 last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of General American Investors by 8.0% in 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 during the last quarter. Institutional investors own 36.85% of the company’s stock.

Insider Activity at General American Investors

In other General American Investors news, CEO Jeffrey W. Priest bought 6,000 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the chief executive officer now owns 15,392 shares in the company, valued at $384,800. This trade represents a 63.88 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 7,250 shares of company stock worth $192,031 over the last quarter. Company insiders own 8.30% of the company’s stock.

General American Investors Stock Up 0.3 %

General American Investors stock opened at $52.93 on Friday. The stock’s 50 day moving average is $51.95 and its 200 day moving average is $52.22. General American Investors Company, Inc. has a one year low of $44.23 and a one year high of $55.44.

General American Investors Cuts Dividend

The company also recently announced a — dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a $0.25 dividend. The ex-dividend date is Monday, February 24th. This represents a yield of 0.9%.

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.