Insider Buying: General American Investors Company, Inc. (NYSE:GAM) VP Purchases 2,500 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM) VP Eugene S. Stark bought 2,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the completion of the purchase, the vice president now directly owns 14,500 shares in the company, valued at approximately $362,500. This trade represents a 20.83 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

General American Investors Stock Performance

GAM opened at $50.45 on Friday. General American Investors Company, Inc. has a fifty-two week low of $44.54 and a fifty-two week high of $55.44. The firm has a 50-day moving average of $51.88 and a 200 day moving average of $52.34.

General American Investors Cuts Dividend

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

Institutional Investors Weigh In On General American Investors

A number of hedge funds have recently modified their holdings of the stock. Armstrong Advisory Group Inc. purchased a new stake in General American Investors in the fourth quarter worth $52,000. Farther Finance Advisors LLC bought a new position in shares of General American Investors during the 3rd quarter worth $59,000. PNC Financial Services Group Inc. increased its holdings in General American Investors by 8.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company’s stock worth $127,000 after acquiring an additional 197 shares during the last quarter. Tyler Stone Wealth Management raised its stake in General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after acquiring an additional 2,247 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings 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 valued at $257,000 after purchasing an additional 372 shares during the last quarter. 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.