General American Investors Company, Inc. (NYSE:GAM) VP Buys $62,500.00 in Stock

General American Investors Company, Inc. (NYSE:GAM) VP Eugene S. Stark bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $25.00 per share, with a total value of $62,500.00. Following the acquisition, the vice president now directly owns 14,500 shares in the company, valued at $362,500. This trade represents a 20.83 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

General American Investors Stock Down 0.5 %

Shares of General American Investors stock opened at $50.45 on Friday. The company has a fifty day moving average of $51.86 and a 200 day moving average of $52.33. General American Investors Company, Inc. has a fifty-two week low of $44.54 and a fifty-two week high of $55.44.

General American Investors Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GAM. Saba Capital Management L.P. boosted its holdings 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 worth $74,694,000 after buying an additional 437,632 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of General American Investors by 31.9% during 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. Sit Investment Associates Inc. boosted its holdings in shares of General American Investors by 35.9% during the 4th quarter. Sit Investment Associates Inc. now owns 239,050 shares of the investment management company’s stock valued at $12,194,000 after purchasing an additional 63,197 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of General American Investors by 139.7% during the 4th quarter. Advisors Asset Management Inc. now owns 66,603 shares of the investment management company’s stock valued at $3,397,000 after purchasing an additional 38,814 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of General American Investors by 19.8% during the 4th quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company’s stock valued at $11,328,000 after purchasing an additional 36,746 shares during the last quarter. Institutional investors own 36.85% of the company’s stock.

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.