Landscape Capital Management L.L.C. Sells 21,285 Shares of General American Investors Company, Inc. (NYSE:GAM)

Landscape Capital Management L.L.C. cut its holdings in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 76.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,507 shares of the investment management company's stock after selling 21,285 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in General American Investors were worth $332,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GAM. Armstrong Advisory Group Inc. bought a new stake in General American Investors during the fourth quarter worth about $52,000. PNC Financial Services Group Inc. increased its position in shares of General American Investors by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock worth $127,000 after purchasing an additional 197 shares during the last quarter. Tyler Stone Wealth Management raised its stake in shares of General American Investors by 8.5% during the 4th quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company's stock worth $249,000 after purchasing an additional 384 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of 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 valued at $257,000 after buying an additional 372 shares during the last quarter. Finally, Integrated Capital Management Inc. grew its stake 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 buying an additional 940 shares in the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Price Performance

GAM traded up $1.16 during trading on Friday, reaching $49.12. 12,253 shares of the stock were exchanged, compared to its average volume of 30,285. The stock's 50 day moving average price is $50.54 and its two-hundred day moving average price is $51.74. General American Investors Company, Inc. has a twelve month low of $41.80 and a twelve month high of $55.44.

General American Investors Cuts Dividend

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

Insider Activity

In other General American Investors news, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $24.62, for a total transaction of $49,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eugene S. Stark acquired 2,500 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the transaction, the vice president now directly owns 14,500 shares in the company, valued at approximately $362,500. This trade represents a 20.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 4,885 shares of company stock valued at $121,691 and have sold 15,199 shares valued at $376,971. 8.33% of the stock is 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.