Stolper Co Increases Stock Position in General American Investors Company, Inc. (NYSE:GAM)

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

Other large investors have also recently bought and sold shares of the company. Pathstone Holdings LLC raised its stake in General American Investors by 31.9% in the 3rd quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock valued at $17,731,000 after purchasing an additional 79,975 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of General American Investors during the 2nd quarter valued at $1,818,000. Capstone Investment Advisors LLC purchased a new position in shares of General American Investors in the 3rd quarter worth about $1,769,000. Advisors Asset Management Inc. purchased a new stake in shares of General American Investors during the 3rd quarter worth about $1,490,000. Finally, Logan Stone Capital LLC raised its holdings in General American Investors by 69.3% in the second quarter. Logan Stone Capital LLC now owns 64,946 shares of the investment management company’s stock valued at $3,229,000 after buying an additional 26,595 shares during the period. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Price Performance

General American Investors stock opened at $51.75 on Thursday. The firm has a fifty day moving average of $51.75 and a 200-day moving average of $51.98. General American Investors Company, Inc. has a 52-week low of $42.03 and a 52-week high of $55.44.

General American Investors Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Jeffrey W. Priest purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $25.00 per share, with a total value of $150,000.00. Following the purchase, the chief executive officer now directly owns 15,392 shares of the company’s stock, valued at approximately $384,800. This represents a 63.88 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased a total of 7,250 shares of company stock worth $192,031 in the last 90 days. 8.30% of the stock is owned by company insiders.

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.