Jeffrey W. Priest Buys 1,141 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest bought 1,141 shares of General American Investors stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $24.75 per share, with a total value of $28,239.75. Following the completion of the transaction, the chief executive officer now owns 18,268 shares of the company’s stock, valued at $452,133. This represents a 6.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

General American Investors Trading Up 0.1 %

Shares of GAM opened at $51.74 on Friday. General American Investors Company, Inc. has a 12-month low of $41.80 and a 12-month high of $55.44. The stock has a 50-day moving average price of $49.84 and a 200-day moving average price of $51.32.

General American Investors Cuts Dividend

The business also recently announced a — dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a yield of 0.9%.

Hedge Funds Weigh In On General American Investors

Institutional investors have recently made changes to their positions in the stock. Armstrong Advisory Group Inc. purchased a new position in General American Investors in the fourth quarter worth $52,000. CWM LLC lifted its stake in General American Investors by 119.8% during the first quarter. CWM LLC now owns 1,321 shares of the investment management company’s stock worth $67,000 after purchasing an additional 720 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of General American Investors by 8.6% in 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 in the last quarter. Tompkins Financial Corp bought a new position in shares of General American Investors during the 1st quarter valued at about $232,000. Finally, Tyler Stone Wealth Management raised its holdings 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 valued at $249,000 after buying an additional 384 shares in the last quarter. Institutional investors own 36.85% 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.