Advisors Asset Management Inc. Purchases 38,814 Shares of General American Investors Company, Inc. (NYSE:GAM)

Advisors Asset Management Inc. grew its position in shares of General American Investors Company, Inc. (NYSE:GAM) by 139.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,603 shares of the investment management company’s stock after purchasing an additional 38,814 shares during the period. Advisors Asset Management Inc.’s holdings in General American Investors were worth $3,397,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GAM. Capstone Investment Advisors LLC bought a new stake in General American Investors during the third quarter worth about $1,769,000. Concurrent Investment Advisors LLC bought a new stake in General American Investors during the fourth quarter worth about $1,564,000. Raymond James Financial Inc. bought a new stake in General American Investors during the fourth quarter worth about $797,000. Park Avenue Securities LLC lifted its stake in General American Investors by 19.2% during the fourth quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company’s stock worth $1,516,000 after purchasing an additional 4,782 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its stake in General American Investors by 0.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 718,133 shares of the investment management company’s stock worth $36,632,000 after purchasing an additional 4,256 shares during the last quarter. Institutional investors own 36.85% of the company’s stock.

Insider Activity

In related news, VP Eugene S. Stark bought 2,500 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $25.00 per share, with a total value of $62,500.00. Following the purchase, the vice president now owns 14,500 shares in the company, valued at approximately $362,500. The trade was a 20.83 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders purchased 3,910 shares of company stock valued at $97,715. Insiders own 8.33% of the company’s stock.

General American Investors Stock Down 0.1 %

Shares of GAM stock opened at $50.52 on Friday. The business has a 50-day moving average price of $51.66 and a two-hundred day moving average price of $52.18. General American Investors Company, Inc. has a 12-month low of $44.54 and a 12-month high of $55.44.

General American Investors Cuts Dividend

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

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.