General American Investors Company, Inc. (NYSE:GAM) Shares Purchased by Stolper Co

Stolper Co boosted its stake in shares of General American Investors Company, Inc. (NYSE:GAM) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,879 shares of the investment management company’s stock after acquiring an additional 368 shares during the quarter. Stolper Co’s holdings in General American Investors were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of General American Investors by 122.7% during 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 during the period. Integrated Capital Management Inc. boosted its holdings in General American Investors by 22.1% in the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock valued at $265,000 after purchasing an additional 940 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in General American Investors in the 4th quarter valued at approximately $52,000. Farther Finance Advisors LLC acquired a new position in General American Investors during the 3rd quarter worth approximately $59,000. Finally, HighTower Advisors LLC boosted its stake in shares of General American Investors by 7.7% in the third quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company’s stock valued at $1,157,000 after buying an additional 1,537 shares in the last quarter. 36.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jeffrey W. Priest acquired 6,000 shares of General American Investors stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $25.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the chief executive officer now owns 15,392 shares in the company, valued at $384,800. This trade represents a 63.88 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have purchased 7,250 shares of company stock valued at $192,031. Corporate insiders own 8.30% of the company’s stock.

General American Investors Stock Up 1.3 %

Shares of GAM stock opened at $51.75 on Thursday. General American Investors Company, Inc. has a 1-year low of $42.03 and a 1-year high of $55.44. The business’s fifty day moving average price is $51.75 and its 200 day moving average price is $51.98.

General American Investors Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, December 27th. Investors of record on Monday, November 18th were paid a $0.45 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, November 18th.

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.