General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. Sells 17,400 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. sold 17,400 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $24.82, for a total transaction of $431,868.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $124,100. This represents a 77.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

General American Investors Stock Up 0.1 %

Shares of NYSE:GAM opened at $51.74 on Friday. The company has a 50 day moving average price of $49.84 and a two-hundred day moving average price of $51.32. General American Investors Company, Inc. has a 52 week low of $41.80 and a 52 week high of $55.44.

General American Investors Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GAM. Park Avenue Securities LLC increased its holdings in shares of General American Investors by 19.2% in the fourth quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company’s stock worth $1,516,000 after acquiring an additional 4,782 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of General American Investors in the 4th quarter valued at approximately $797,000. PNC Financial Services Group Inc. increased its stake in General American Investors by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company’s stock worth $127,000 after purchasing an additional 197 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in General American Investors by 8.0% during the 4th 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, Savant Capital LLC lifted its stake in General American Investors by 8.1% in the fourth quarter. Savant Capital LLC now owns 9,221 shares of the investment management company’s stock valued at $470,000 after buying an additional 689 shares in the last quarter. 36.85% of the stock is currently owned by institutional investors.

About General American Investors

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.