Arthur G. Altschul, Jr. Sells 17,400 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. sold 17,400 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $24.82, for a total transaction of $431,868.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $124,100. This trade represents a 77.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

General American Investors Stock Performance

GAM opened at $51.74 on Friday. General American Investors Company, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $55.44. The company’s 50-day moving average is $49.84 and its 200 day moving average is $51.31.

General American Investors Cuts Dividend

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

Institutional Investors Weigh In On General American Investors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its stake 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 acquiring an additional 197 shares in the last quarter. Janney Montgomery Scott LLC grew its position in General American Investors by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company’s stock worth $535,000 after purchasing an additional 301 shares in the last quarter. Stolper Co increased its stake in General American Investors by 6.7% in the 4th quarter. Stolper Co now owns 5,879 shares of the investment management company’s stock valued at $300,000 after buying an additional 368 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake 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 worth $257,000 after buying an additional 372 shares during the last quarter. Finally, Tyler Stone Wealth Management grew its holdings in shares of General American Investors by 8.5% in the fourth quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company’s stock valued at $249,000 after acquiring an additional 384 shares in the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.

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.