General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. Sells 2,000 Shares

General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. sold 2,000 shares of the company’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 $49,660.00. Following the completion of the transaction, the director now owns 24,400 shares in the company, valued at approximately $605,852. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

General American Investors Stock Up 0.1 %

Shares of GAM stock opened at $50.70 on Thursday. General American Investors Company, Inc. has a 52 week low of $44.54 and a 52 week high of $55.44. The company has a 50-day simple moving average of $51.44 and a 200 day simple moving average of $52.11.

General American Investors Cuts Dividend

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

Hedge Funds Weigh In On General American Investors

A number of large investors have recently made changes to their positions in GAM. Saba Capital Management L.P. boosted its stake in General American Investors by 42.6% in the 4th quarter. Saba Capital Management L.P. now owns 1,464,300 shares of the investment management company’s stock valued at $74,694,000 after purchasing an additional 437,632 shares during the period. Sit Investment Associates Inc. lifted its holdings in shares of General American Investors by 35.9% during the fourth quarter. Sit Investment Associates Inc. now owns 239,050 shares of the investment management company’s stock worth $12,194,000 after buying an additional 63,197 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of General American Investors by 139.7% in the fourth quarter. Advisors Asset Management Inc. now owns 66,603 shares of the investment management company’s stock valued at $3,397,000 after acquiring an additional 38,814 shares during the period. Cohen & Steers Inc. grew its stake in shares of General American Investors by 19.8% in the fourth quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company’s stock valued at $11,328,000 after acquiring an additional 36,746 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of General American Investors in the fourth quarter valued at about $1,564,000. Institutional investors own 36.85% of the company’s stock.

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.