General American Investors (NYSE:GAM) Sets New 12-Month Low - Time to Sell?

Shares of General American Investors Company, Inc. (NYSE:GAM - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $41.80 and last traded at $44.50, with a volume of 5586 shares traded. The stock had previously closed at $46.97.

General American Investors Stock Up 2.4 %

The firm's fifty day simple moving average is $50.54 and its two-hundred day simple moving average is $51.76.

General American Investors Cuts Dividend

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

Insider Buying and Selling at General American Investors

In related news, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $24.62, for a total transaction of $49,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Eugene S. Stark bought 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought 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 in the company, valued at $362,500. This represents a 20.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 4,885 shares of company stock worth $121,691 and have sold 15,199 shares worth $376,971. Company insiders own 8.33% of the company's stock.

Institutional Investors Weigh In On General American Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of General American Investors by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company's stock worth $1,157,000 after buying an additional 1,537 shares in the last quarter. Integrated Capital Management Inc. lifted its position in shares of General American Investors by 22.1% in the fourth quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company's stock valued at $265,000 after acquiring an additional 940 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of 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 buying an additional 4,782 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of General American Investors during the 4th quarter worth $52,000. Finally, Stolper Co boosted its holdings in shares of General American Investors by 6.7% in the 4th quarter. Stolper Co now owns 5,879 shares of the investment management company's stock valued at $300,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 36.85% of the company's stock.

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.