General American Investors Company, Inc. (NYSE:GAM - Get Free Report) Director Arthur G. Altschul, Jr. sold 2,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $24.83, for a total value of $49,660.00. Following the completion of the sale, the director now owns 24,400 shares of the company's stock, valued at $605,852. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
General American Investors Trading Up 0.1 %
Shares of NYSE:GAM traded up $0.03 during trading on Wednesday, hitting $50.70. 11,629 shares of the company's stock traded hands, compared to its average volume of 29,968. The company has a 50-day moving average price of $51.50 and a 200-day moving average price of $52.12. 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 business also recently declared a -- dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued 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
Several large investors have recently made changes to their positions in the stock. Armstrong Advisory Group Inc. bought a new stake in General American Investors in the 4th quarter valued at $52,000. PNC Financial Services Group Inc. boosted its position in shares of General American Investors by 8.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock worth $127,000 after buying an additional 197 shares during the period. Tyler Stone Wealth Management boosted its position in shares of 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 worth $249,000 after buying an additional 384 shares during the period. Stratos Wealth Partners LTD. raised its position in General American Investors by 8.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock valued at $257,000 after buying an additional 372 shares during the last quarter. Finally, Integrated Capital Management Inc. raised its position in General American Investors by 22.1% in the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company's stock valued at $265,000 after buying an additional 940 shares during the last quarter. Institutional investors own 36.85% of the company's stock.
General American Investors Company Profile
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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.
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