30,668 Shares in General American Investors Company, Inc. (NYSE:GAM) Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC acquired a new position in shares of General American Investors Company, Inc. (NYSE:GAM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,668 shares of the investment management company’s stock, valued at approximately $1,564,000. Concurrent Investment Advisors LLC owned about 0.13% of General American Investors at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GAM. Eastern Bank bought a new stake in General American Investors during the third quarter worth about $92,000. Pinnacle Associates Ltd. acquired a new position in General American Investors in the third quarter valued at approximately $422,000. Farther Finance Advisors LLC acquired a new position in General American Investors in the third quarter valued at approximately $59,000. Tyler Stone Wealth Management lifted its holdings in General American Investors by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after buying an additional 2,247 shares during the period. Finally, Schrum Private Wealth Management LLC raised its holdings in General American Investors by 100.0% in 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 during the period. 36.85% of the stock is owned by institutional investors.

General American Investors Trading Down 0.7 %

GAM opened at $51.99 on Friday. General American Investors Company, Inc. has a twelve month low of $44.44 and a twelve month high of $55.44. The firm’s fifty day moving average is $52.01 and its two-hundred day moving average is $52.33.

General American Investors Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be given a $0.25 dividend. This represents a yield of 0.9%. The ex-dividend date is Monday, February 24th.

Insider Activity at General American Investors

In other news, CEO Jeffrey W. Priest acquired 6,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $25.00 per share, with a total value of $150,000.00. Following the transaction, the chief executive officer now directly owns 15,392 shares in the company, valued at approximately $384,800. The trade was a 63.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 7,250 shares of company stock valued at $192,031. Corporate insiders own 8.30% 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.