Jeffrey W. Priest Acquires 1,735 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest purchased 1,735 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average cost of $24.75 per share, with a total value of $42,941.25. Following the purchase, the chief executive officer now directly owns 17,127 shares of the company’s stock, valued at approximately $423,893.25. The trade was a 11.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

General American Investors Stock Performance

NYSE GAM opened at $50.70 on Thursday. General American Investors Company, Inc. has a twelve month low of $44.54 and a twelve month high of $55.44. The stock has a fifty day simple moving average of $51.44 and a 200 day simple moving average of $52.11.

General American Investors Cuts Dividend

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

Hedge Funds Weigh In On General American Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in GAM. Saba Capital Management L.P. raised its holdings in 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 purchasing an additional 437,632 shares during the last quarter. Sit Investment Associates Inc. raised its stake in General American Investors by 35.9% during the fourth 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 last quarter. Advisors Asset Management Inc. lifted its holdings in General American Investors by 139.7% in the fourth quarter. Advisors Asset Management Inc. now owns 66,603 shares of the investment management company’s stock valued at $3,397,000 after buying an additional 38,814 shares during the period. Cohen & Steers Inc. boosted its position in General American Investors by 19.8% during the fourth quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company’s stock valued at $11,328,000 after acquiring an additional 36,746 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in General American Investors during the 4th quarter worth about $1,564,000. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Company 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.