General American Investors Company, Inc. (NYSE:GAM) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 139.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,603 shares of the investment management company's stock after buying an additional 38,814 shares during the quarter. Advisors Asset Management Inc. owned 0.28% of General American Investors worth $3,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GAM. Commonwealth Equity Services LLC boosted its holdings in General American Investors by 4.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 23,651 shares of the investment management company's stock valued at $1,206,000 after purchasing an additional 931 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of 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 valued at $127,000 after buying an additional 197 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of General American Investors by 0.6% during the fourth 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. Raymond James Financial Inc. purchased a new position in General American Investors in the fourth quarter worth approximately $797,000. Finally, Concurrent Investment Advisors LLC acquired a new position in General American Investors during the 4th quarter worth approximately $1,564,000. Hedge funds and other institutional investors own 36.85% of the company's stock.

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Insider Transactions at General American Investors

In related news, VP Eugene S. Stark purchased 2,500 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $362,500. This trade represents a 20.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 3,910 shares of company stock valued at $97,715. Corporate insiders own 8.33% of the company's stock.

General American Investors Price Performance

Shares of GAM traded up $0.26 during midday trading on Tuesday, reaching $51.35. The stock had a trading volume of 23,275 shares, compared to its average volume of 29,671. The company's fifty day simple moving average is $51.66 and its two-hundred day simple moving average is $52.16. General American Investors Company, Inc. has a 1-year low of $44.54 and a 1-year high of $55.44.

General American Investors Cuts Dividend

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

General American Investors 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.