General American Investors Company, Inc. (NYSE:GAM - Get Free Report) insider Craig Anthony Grassi acquired 650 shares of General American Investors stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $25.00 per share, with a total value of $16,250.00. Following the completion of the transaction, the insider now directly owns 1,000 shares in the company, valued at $25,000. This represents a 185.71 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
General American Investors Stock Performance
Shares of GAM stock traded down $0.87 during trading on Monday, hitting $49.63. The company's stock had a trading volume of 35,707 shares, compared to its average volume of 29,170. General American Investors Company, Inc. has a 52 week low of $44.54 and a 52 week high of $55.44. The business has a fifty day moving average of $51.86 and a 200-day moving average of $52.33.
General American Investors Cuts Dividend
The company also recently disclosed a -- dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a $0.25 dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend was Monday, February 24th.
Institutional Trading of General American Investors
A number of institutional investors have recently modified their holdings of GAM. Armstrong Advisory Group Inc. bought a new stake in shares of General American Investors during the 4th quarter valued at $52,000. Farther Finance Advisors LLC purchased a new stake in General American Investors in the third quarter valued at approximately $59,000. PNC Financial Services Group Inc. increased its stake in General American Investors by 8.6% in 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 during the last quarter. Tyler Stone Wealth Management boosted its holdings 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 in the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in General American Investors by 8.0% during the fourth 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 last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.
General American Investors Company Profile
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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.
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