Epoch Investment Partners Inc. Acquires 21,965 Shares of General American Investors Company, Inc. (NYSE:GAM)

Epoch Investment Partners Inc. grew its stake in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 50.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,216 shares of the investment management company's stock after purchasing an additional 21,965 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.27% of General American Investors worth $3,327,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sit Investment Associates Inc. increased its position 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 valued at $12,194,000 after acquiring an additional 63,197 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of General American Investors by 139.7% during 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 in the last quarter. Cohen & Steers Inc. boosted its holdings 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 worth $11,328,000 after acquiring an additional 36,746 shares during the period. Concurrent Investment Advisors LLC purchased a new position in shares of General American Investors in the fourth quarter valued at $1,564,000. Finally, Raymond James Financial Inc. bought a new stake in shares of General American Investors during the 4th quarter valued at $797,000. Hedge funds and other institutional investors own 36.85% of the company's stock.

Insiders Place Their Bets

In related news, VP Eugene S. Stark bought 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $25.00 per share, with a total value 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 $362,500. This trade represents a 20.83 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $24.62, for a total transaction of $49,240.00. The disclosure for this sale can be found here. In the last three months, insiders have bought 4,885 shares of company stock worth $121,691 and have sold 15,199 shares worth $376,971. Corporate insiders own 8.33% of the company's stock.

General American Investors Stock Up 0.1 %

NYSE GAM traded up $0.07 during trading hours on Friday, hitting $50.10. The company had a trading volume of 10,937 shares, compared to its average volume of 29,300. The firm has a 50 day simple moving average of $49.86 and a 200 day simple moving average of $51.49. 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 company also recently announced a -- dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a yield of 0.9%. The ex-dividend date was Monday, February 24th.

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.