General American Investors Company, Inc. (NYSE:GAM - Get Free Report) CEO Jeffrey W. Priest purchased 1,735 shares of the stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average price of $24.75 per share, for a total transaction of $42,941.25. Following the completion of the acquisition, the chief executive officer now directly owns 17,127 shares in the company, valued at approximately $423,893.25. This represents a 11.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
General American Investors Stock Down 5.5 %
Shares of General American Investors stock traded down $2.76 during trading on Friday, reaching $46.94. The company's stock had a trading volume of 33,809 shares, compared to its average volume of 30,048. The company has a 50-day simple moving average of $51.37 and a two-hundred day simple moving average of $52.09. 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 business also recently disclosed a -- dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a dividend yield of 0.9%.
Hedge Funds Weigh In On General American Investors
Several hedge funds and other institutional investors have recently modified their holdings of the stock. 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 valued at $127,000 after purchasing an additional 197 shares in the last quarter. Stolper Co grew its holdings in shares of General American Investors by 6.7% during the fourth quarter. Stolper Co now owns 5,879 shares of the investment management company's stock valued at $300,000 after buying an additional 368 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of 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 acquiring an additional 372 shares during the period. Tyler Stone Wealth Management increased its position in shares of General American Investors by 8.5% in 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 during the period. Finally, Janney Montgomery Scott LLC raised its stake in General American Investors by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,328 shares of the investment management company's stock worth $527,000 after acquiring an additional 414 shares during the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.
General American Investors Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider General American Investors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General American Investors wasn't on the list.
While General American Investors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
