Insider Buying: General American Investors Company, Inc. (NYSE:GAM) VP Acquires 2,500 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) VP Eugene S. Stark acquired 2,500 shares of General American Investors stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the vice president now owns 14,500 shares in the company, valued at approximately $362,500. This trade represents a 20.83 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

General American Investors Price Performance

GAM traded down $0.87 during trading on Monday, reaching $49.63. The stock had a trading volume of 35,707 shares, compared to its average volume of 29,170. The stock's 50 day moving average is $51.86 and its two-hundred day moving average is $52.33. General American Investors Company, Inc. has a one year low of $44.54 and a one year high of $55.44.

General American Investors Cuts Dividend

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

Institutional Investors Weigh In On General American Investors

Hedge funds have recently bought and sold shares of the business. Armstrong Advisory Group Inc. bought a new stake in shares of General American Investors in the 4th quarter worth approximately $52,000. Farther Finance Advisors LLC bought a new stake in General American Investors in the third quarter worth $59,000. PNC Financial Services Group Inc. increased its holdings in shares of General American Investors by 8.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock valued at $127,000 after acquiring an additional 197 shares in the last quarter. Tyler Stone Wealth Management raised its position in shares of General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company's stock worth $241,000 after purchasing an additional 2,247 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in 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 worth $257,000 after purchasing an additional 372 shares in the last quarter. Institutional investors own 36.85% of the company's stock.

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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.