General American Investors Company, Inc. (NYSE:GAM) CEO Acquires $150,000.00 in Stock

General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest purchased 6,000 shares of General American Investors stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $25.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the chief executive officer now directly owns 15,392 shares in the company, valued at $384,800. The trade was a 63.88 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

General American Investors Stock Performance

General American Investors stock opened at $52.51 on Wednesday. The stock’s 50 day simple moving average is $52.68 and its two-hundred day simple moving average is $51.69. General American Investors Company, Inc. has a 12 month low of $41.88 and a 12 month high of $55.44.

General American Investors Dividend Announcement

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

Hedge Funds Weigh In On General American Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its position in shares of General American Investors by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company’s stock worth $1,157,000 after purchasing an additional 1,537 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of General American Investors during the third quarter valued at approximately $1,769,000. Advisors Asset Management Inc. purchased a new position in shares of General American Investors in the third quarter valued at approximately $1,490,000. Pathstone Holdings LLC boosted its stake in shares of General American Investors by 31.9% in the third quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock worth $17,731,000 after acquiring an additional 79,975 shares during the last quarter. Finally, Schrum Private Wealth Management LLC increased its position in shares of General American Investors by 100.0% during the third quarter. Schrum Private Wealth Management LLC now owns 10,124 shares of the investment management company’s stock worth $543,000 after purchasing an additional 5,062 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.