Overbrook Management Corp Lowers Stock Holdings in General American Investors Company, Inc. (NYSE:GAM)

Overbrook Management Corp reduced its stake in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 40.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,783 shares of the investment management company's stock after selling 14,058 shares during the period. Overbrook Management Corp owned 0.09% of General American Investors worth $1,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GAM. Pathstone Holdings LLC raised its holdings 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 worth $17,731,000 after purchasing an additional 79,975 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of General American Investors during the 2nd quarter valued at about $1,818,000. Capstone Investment Advisors LLC purchased a new position in shares of General American Investors during the 3rd quarter valued at approximately $1,769,000. Advisors Asset Management Inc. acquired a new stake in General American Investors in the 3rd quarter worth about $1,490,000. Finally, Logan Stone Capital LLC increased its position in shares of General American Investors by 69.3% during the second quarter. Logan Stone Capital LLC now owns 64,946 shares of the investment management company's stock worth $3,229,000 after purchasing an additional 26,595 shares in the last quarter. 36.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jeffrey W. Priest acquired 6,000 shares of the firm's stock in a transaction 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 purchase, the chief executive officer now directly owns 15,392 shares of the company's stock, valued at approximately $384,800. The trade was a 63.88 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 7,250 shares of company stock worth $192,031 over the last three months. Company insiders own 8.30% of the company's stock.

General American Investors Stock Up 0.5 %

Shares of NYSE GAM traded up $0.24 during trading on Monday, hitting $52.40. 20,213 shares of the company were exchanged, compared to its average volume of 20,851. General American Investors Company, Inc. has a 12-month low of $42.25 and a 12-month high of $55.44. The company has a fifty day moving average price of $51.61 and a 200-day moving average price of $52.03.

General American Investors Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, November 18th were paid a $0.45 dividend. The ex-dividend date was Monday, November 18th. This represents a dividend yield of 0.8%.

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.