Park Avenue Securities LLC Grows Position in General American Investors Company, Inc. (NYSE:GAM)

Park Avenue Securities LLC lifted its position in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,724 shares of the investment management company's stock after acquiring an additional 4,782 shares during the quarter. Park Avenue Securities LLC owned 0.12% of General American Investors worth $1,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Logan Stone Capital LLC boosted its position in shares of General American Investors by 69.3% in the 2nd quarter. Logan Stone Capital LLC now owns 64,946 shares of the investment management company's stock worth $3,229,000 after buying an additional 26,595 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of General American Investors by 122.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company's stock valued at $34,000 after purchasing an additional 378 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of General American Investors in the second quarter valued at approximately $1,818,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of General American Investors during the 3rd quarter worth approximately $513,000. Finally, Eastern Bank acquired a new position in shares of General American Investors during the 3rd quarter worth approximately $92,000. Institutional investors and hedge funds own 36.85% of the company's stock.

General American Investors Price Performance

NYSE:GAM traded up $0.24 during trading hours on Friday, reaching $52.40. 20,213 shares of the company traded hands, compared to its average volume of 20,851. The firm's 50-day moving average is $51.61 and its 200-day moving average is $52.02. General American Investors Company, Inc. has a 1-year low of $42.25 and a 1-year high of $55.44.

General American Investors Announces Dividend

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

Insider Buying and Selling at General American Investors

In other news, CEO Jeffrey W. Priest bought 6,000 shares of the stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of $25.00 per share, with a total value of $150,000.00. Following the purchase, the chief executive officer now owns 15,392 shares of the company's stock, valued at approximately $384,800. The trade was a 63.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have bought 7,250 shares of company stock worth $192,031. Corporate insiders own 8.30% of the company's stock.

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.