Jeffrey W. Priest Buys 6,000 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest acquired 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 15,392 shares of the company’s stock, valued at approximately $384,800. This represents a 63.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

General American Investors Price Performance

Shares of NYSE GAM traded down $0.24 during midday trading on Tuesday, reaching $52.16. 1,117 shares of the company traded hands, compared to its average volume of 28,212. General American Investors Company, Inc. has a 52 week low of $41.88 and a 52 week high of $55.44. The stock has a 50-day moving average price of $52.69 and a 200 day moving average price of $51.66.

General American Investors Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be given a $0.45 dividend. This represents a yield of 0.8%. The ex-dividend date is Monday, November 18th.

Institutional Investors Weigh In On General American Investors

Several hedge funds and other institutional investors have recently bought and sold shares of GAM. Northwestern Mutual Wealth Management Co. raised its position in 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 worth $34,000 after acquiring an additional 378 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in General American Investors in the third quarter worth about $59,000. Eastern Bank bought a new stake in General American Investors in the third quarter worth about $92,000. Tyler Stone Wealth Management increased its stake in General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock worth $241,000 after purchasing an additional 2,247 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new position in General American Investors in the 3rd quarter worth about $422,000. 36.85% of the stock is currently owned by institutional investors.

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.