Uncommon Cents Investing LLC Lowers Holdings in General American Investors Company, Inc. (NYSE:GAM)

Uncommon Cents Investing LLC trimmed its position in General American Investors Company, Inc. (NYSE:GAM) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,307 shares of the investment management company’s stock after selling 261 shares during the period. Uncommon Cents Investing LLC’s holdings in General American Investors were worth $526,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Stolper Co increased its position in shares of General American Investors by 6.7% in the fourth quarter. Stolper Co now owns 5,879 shares of the investment management company’s stock worth $300,000 after purchasing an additional 368 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of General American Investors by 122.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock worth $34,000 after buying an additional 378 shares during the last quarter. Integrated Capital Management Inc. increased its holdings in shares of 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 worth $265,000 after buying an additional 940 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of General American Investors during the 4th quarter valued at $52,000. Finally, Farther Finance Advisors LLC purchased a new position in General American Investors in the third quarter worth $59,000. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jeffrey W. Priest acquired 6,000 shares of General American Investors stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $25.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the chief executive officer now owns 15,392 shares of the company’s stock, valued at $384,800. This represents a 63.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 7,250 shares of company stock worth $192,031 in the last quarter. 8.30% of the stock is owned by insiders.

General American Investors Price Performance

GAM opened at $52.40 on Monday. The business’s fifty day simple moving average is $51.61 and its 200 day simple moving average is $52.03. General American Investors Company, Inc. has a 52 week low of $42.25 and a 52 week high of $55.44.

General American Investors Dividend Announcement

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

General American Investors Company Profile

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.