Schrum Private Wealth Management LLC Sells 5,062 Shares of General American Investors Company, Inc. (NYSE:GAM)

Schrum Private Wealth Management LLC cut its holdings in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,062 shares of the investment management company's stock after selling 5,062 shares during the period. Schrum Private Wealth Management LLC's holdings in General American Investors were worth $258,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Armstrong Advisory Group Inc. purchased a new stake in shares of General American Investors during the 4th quarter valued at about $52,000. Farther Finance Advisors LLC bought a new stake in General American Investors in the 3rd quarter worth approximately $59,000. Tyler Stone Wealth Management raised its stake in General American Investors by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company's stock valued at $241,000 after buying an additional 2,247 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of General American Investors by 8.0% during 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 period. Finally, Integrated Capital Management Inc. boosted its stake in shares of 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 worth $265,000 after buying an additional 940 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors.

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General American Investors Stock Performance

Shares of GAM traded down $0.87 during trading hours on Monday, hitting $49.63. The stock had a trading volume of 35,707 shares, compared to its average volume of 29,170. General American Investors Company, Inc. has a 12 month low of $44.54 and a 12 month high of $55.44. The stock has a fifty day moving average price of $51.86 and a 200 day moving average price of $52.33.

General American Investors Cuts Dividend

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

Insider Activity

In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the purchase, the vice president now directly owns 14,500 shares of the company's stock, valued at $362,500. The trade was a 20.83 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey W. Priest acquired 6,000 shares of General American Investors stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $25.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the chief executive officer now directly owns 15,392 shares in the company, valued at $384,800. This represents a 63.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 10,400 shares of company stock valued at $270,781 in the last quarter. 8.33% of the stock is currently owned by insiders.

About General American Investors

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.