Allspring Global Investments Holdings LLC Sells 180,546 Shares of General American Investors Company, Inc. (NYSE:GAM)

Allspring Global Investments Holdings LLC lowered its stake in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 32.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 368,412 shares of the investment management company's stock after selling 180,546 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.54% of General American Investors worth $18,793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathstone Holdings LLC lifted its position in General American Investors by 31.9% in the third quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company's stock valued at $17,731,000 after purchasing an additional 79,975 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in General American Investors in the third quarter valued at approximately $1,490,000. Park Avenue Securities LLC lifted its position in General American Investors by 19.2% in the fourth quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company's stock valued at $1,516,000 after purchasing an additional 4,782 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in General American Investors in the third quarter valued at approximately $1,769,000. Finally, Farther Finance Advisors LLC bought a new stake in General American Investors in the third quarter valued at approximately $59,000. Institutional investors own 36.85% of the company's stock.

General American Investors Stock Performance

GAM stock traded down $0.09 during midday trading on Thursday, hitting $52.37. The company had a trading volume of 27,060 shares, compared to its average volume of 21,611. General American Investors Company, Inc. has a 52 week low of $44.30 and a 52 week high of $55.44. The stock's 50 day moving average price is $52.01 and its 200 day moving average price is $52.28.

General American Investors Cuts Dividend

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

Insider Activity at General American Investors

In other General American Investors news, CEO Jeffrey W. Priest bought 6,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,392 shares in the company, valued at $384,800. The trade was a 63.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired a total of 7,250 shares of company stock worth $192,031 over the last quarter. 8.30% of the stock is owned by corporate 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.