Craig Anthony Grassi Purchases 650 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAM) insider Craig Anthony Grassi bought 650 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $25.00 per share, with a total value of $16,250.00. Following the completion of the transaction, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $25,000. This represents a 185.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

General American Investors Price Performance

GAM stock opened at $50.45 on Friday. The firm has a 50 day moving average of $51.88 and a two-hundred day moving average of $52.34. General American Investors Company, Inc. has a 12 month low of $44.54 and a 12 month high of $55.44.

General American Investors Cuts Dividend

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

Institutional Trading of General American Investors

Several large investors have recently modified their holdings of the company. Saba Capital Management L.P. boosted its holdings in shares of General American Investors by 42.6% during the 4th 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 period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of General American Investors by 0.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 718,133 shares of the investment management company’s stock worth $36,632,000 after buying an additional 4,256 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of General American Investors by 31.9% during the 3rd quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock worth $17,731,000 after buying an additional 79,975 shares during the period. Sit Investment Associates Inc. boosted its holdings 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 buying an additional 63,197 shares during the period. Finally, Cohen & Steers Inc. boosted its holdings in shares of General American Investors by 19.8% during the 4th quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company’s stock worth $11,328,000 after buying an additional 36,746 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.