Cohen & Steers Inc. Acquires 36,746 Shares of General American Investors Company, Inc. (NYSE:GAM)

Cohen & Steers Inc. lifted its stake in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,069 shares of the investment management company's stock after buying an additional 36,746 shares during the period. Cohen & Steers Inc. owned approximately 0.93% of General American Investors worth $11,328,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GAM. Armstrong Advisory Group Inc. bought a new position in shares of General American Investors in the fourth quarter worth $52,000. PNC Financial Services Group Inc. grew its position 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. Tyler Stone Wealth Management grew its stake in General American Investors by 8.5% during the 4th quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company's stock valued at $249,000 after acquiring an additional 384 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of General American Investors by 8.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock worth $257,000 after acquiring an additional 372 shares during the last quarter. Finally, Integrated Capital Management Inc. raised its position in General American Investors by 22.1% during the fourth quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company's stock valued at $265,000 after acquiring an additional 940 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company's stock.

General American Investors Price Performance

Shares of General American Investors stock traded up $0.14 on Friday, reaching $48.96. The stock had a trading volume of 6,339 shares, compared to its average volume of 29,945. General American Investors Company, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $55.44. The business's 50-day moving average price is $50.28 and its two-hundred day moving average price is $51.65.

General American Investors Cuts Dividend

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

Insider Buying and Selling

In other General American Investors news, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $24.62, for a total value of $49,240.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Eugene S. Stark acquired 2,500 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $25.00 per share, with a total value of $62,500.00. Following the acquisition, the vice president now owns 14,500 shares in the company, valued at $362,500. The trade was a 20.83 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 4,885 shares of company stock worth $121,691 and sold 15,199 shares worth $376,971. 8.33% of the stock is currently owned by corporate insiders.

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.