General American Investors Company, Inc. (NYSE:GAM - Get Free Report) Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of General American Investors stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $24.62, for a total value of $49,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
General American Investors Price Performance
General American Investors stock opened at $49.12 on Friday. The firm has a fifty day moving average of $50.54 and a 200-day moving average of $51.76. General American Investors Company, Inc. has a 52-week low of $41.80 and a 52-week high of $55.44.
General American Investors Cuts Dividend
The business also recently declared a -- dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. This represents a yield of 0.9%. The ex-dividend date of this dividend was Monday, February 24th.
Institutional Trading of General American Investors
A number of hedge funds have recently made changes to their positions in the company. Saba Capital Management L.P. lifted its stake in shares of General American Investors by 42.6% in the fourth quarter. Saba Capital Management L.P. now owns 1,464,300 shares of the investment management company's stock worth $74,694,000 after acquiring an additional 437,632 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of General American Investors by 0.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 718,133 shares of the investment management company's stock valued at $36,632,000 after purchasing an additional 4,256 shares in the last quarter. Sit Investment Associates Inc. raised its position in shares of General American Investors by 35.9% in 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 in the last quarter. Cohen & Steers Inc. raised its position in shares of General American Investors by 19.8% in 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 in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake 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 buying an additional 38,814 shares during the last quarter. Hedge funds and other institutional investors own 36.85% of the company's stock.
About General American Investors
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
