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

General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

General American Investors Stock Down 2.7 %

Shares of GAM stock opened at $50.41 on Friday. The stock’s 50-day moving average is $52.59 and its two-hundred day moving average is $51.68. General American Investors Company, Inc. has a 1 year low of $41.88 and a 1 year high of $55.44.

General American Investors Dividend Announcement

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

Institutional Investors Weigh In On General American Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of General American Investors by 122.7% in 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 period. Farther Finance Advisors LLC purchased a new position in General American Investors during the 3rd quarter worth $59,000. Eastern Bank acquired a new position in General American Investors in the third quarter valued at $92,000. Tyler Stone Wealth Management raised its holdings in shares of General American Investors by 100.0% in the third 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. acquired a new stake in shares of General American Investors during the third quarter worth about $422,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

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.