Raymond James Financial Inc. Purchases New Holdings in General American Investors Company, Inc. (NYSE:GAM)

Raymond James Financial Inc. purchased a new position in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,628 shares of the investment management company's stock, valued at approximately $797,000. Raymond James Financial Inc. owned 0.07% of General American Investors as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in GAM. Concurrent Investment Advisors LLC acquired a new stake in shares of General American Investors during the fourth quarter worth about $1,564,000. Park Avenue Securities LLC raised its position in General American Investors by 19.2% during the 4th quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company's stock worth $1,516,000 after buying an additional 4,782 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in General American Investors by 37.2% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,134 shares of the investment management company's stock valued at $670,000 after acquiring an additional 3,558 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of General American Investors by 4.1% in the 4th quarter. Sanctuary Advisors LLC now owns 41,134 shares of the investment management company's stock valued at $2,163,000 after acquiring an additional 1,632 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of General American Investors by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company's stock valued at $1,157,000 after acquiring an additional 1,537 shares during the last quarter. Hedge funds and other institutional investors own 36.85% of the company's stock.

Insider Buying and Selling at General American Investors

In other news, VP Eugene S. Stark purchased 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $25.00 per share, with a total value of $62,500.00. Following the completion of the acquisition, the vice president now owns 14,500 shares of the company's stock, valued at approximately $362,500. This represents a 20.83 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Spencer Davidson sold 11,199 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $24.83, for a total transaction of $278,071.17. Following the sale, the chairman now owns 22,400 shares in the company, valued at approximately $556,192. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 4,885 shares of company stock worth $121,691. Insiders own 8.33% of the company's stock.

General American Investors Trading Down 1.9 %

Shares of General American Investors stock traded down $0.96 during trading on Thursday, hitting $48.04. 37,202 shares of the company's stock were exchanged, compared to its average volume of 30,333. The business has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $51.79. General American Investors Company, Inc. has a 52-week low of $41.80 and a 52-week high of $55.44.

General American Investors Cuts Dividend

The business also recently disclosed 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 dividend yield of 0.9%.

General American Investors 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.