General American Investors Company, Inc. (NYSE:GAM) Chairman Spencer Davidson Sells 11,199 Shares

General American Investors Company, Inc. (NYSE:GAM) Chairman Spencer Davidson sold 11,199 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $24.83, for a total value of $278,071.17. Following the transaction, the chairman now directly owns 22,400 shares in the company, valued at approximately $556,192. This represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

General American Investors Stock Up 0.1 %

Shares of General American Investors stock opened at $50.70 on Thursday. General American Investors Company, Inc. has a 12-month low of $44.54 and a 12-month high of $55.44. The stock has a 50 day moving average price of $51.44 and a two-hundred day moving average price of $52.11.

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 issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a yield of 0.9%.

Institutional Investors Weigh In On General American Investors

A number of hedge funds have recently bought and sold shares of GAM. Saba Capital Management L.P. increased its stake in shares of General American Investors by 42.6% in the fourth 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 period. Blue Bell Private Wealth Management LLC increased its position in General American Investors by 0.6% in 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. Sit Investment Associates Inc. lifted its holdings in shares of 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. Cohen & Steers Inc. boosted its position in shares of General American Investors by 19.8% in 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 period. Finally, Advisors Asset Management Inc. grew its stake in shares of 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 worth $3,397,000 after acquiring an additional 38,814 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors.

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.