Insider Selling: General American Investors Company, Inc. (NYSE:GAM) Chairman Sells 11,199 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM) Chairman Spencer Davidson sold 11,199 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $24.83, for a total value of $278,071.17. Following the completion of the transaction, the chairman now owns 22,400 shares of the company’s stock, valued at $556,192. This trade represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

General American Investors Stock Performance

NYSE:GAM traded up $0.32 during trading hours on Tuesday, reaching $50.69. 34,313 shares of the company were exchanged, compared to its average volume of 29,998. The stock has a 50 day simple moving average of $51.55 and a 200 day simple moving average of $52.13. General American Investors Company, Inc. has a 52-week low of $44.54 and a 52-week high of $55.44.

General American Investors Cuts Dividend

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

Institutional Investors Weigh In On General American Investors

A number of institutional investors have recently added to or reduced their stakes in GAM. Armstrong Advisory Group Inc. acquired a new position in shares of General American Investors in the 4th quarter valued at about $52,000. PNC Financial Services Group Inc. raised its holdings in General American Investors by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company’s stock valued at $127,000 after buying an additional 197 shares during the period. Tyler Stone Wealth Management lifted its position in General American Investors by 8.5% during the fourth quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company’s stock valued at $249,000 after buying an additional 384 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in General American Investors by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock worth $257,000 after buying an additional 372 shares during the period. Finally, Integrated Capital Management Inc. increased its position in shares of General American Investors by 22.1% in the fourth quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock worth $265,000 after acquiring an additional 940 shares in the last quarter. 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.