Concurrent Investment Advisors LLC Makes New Investment in General American Investors Company, Inc. (NYSE:GAM)

Concurrent Investment Advisors LLC bought a new stake in General American Investors Company, Inc. (NYSE:GAM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,668 shares of the investment management company’s stock, valued at approximately $1,564,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathstone Holdings LLC grew its holdings in 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 worth $17,731,000 after acquiring an additional 79,975 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of General American Investors by 4.1% during the 4th quarter. Sanctuary Advisors LLC now owns 41,134 shares of the investment management company’s stock valued at $2,163,000 after acquiring an additional 1,632 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of General American Investors during the 3rd quarter valued at $1,769,000. Park Avenue Securities LLC lifted its position in shares of General American Investors by 19.2% during the 4th quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company’s stock valued at $1,516,000 after acquiring an additional 4,782 shares during the period. Finally, Advisors Asset Management Inc. acquired a new position in shares of General American Investors during the 3rd quarter valued at $1,490,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Stock Performance

GAM opened at $51.99 on Friday. The company’s fifty day moving average price is $52.01 and its two-hundred day moving average price is $52.33. General American Investors Company, Inc. has a 1-year low of $44.44 and a 1-year high of $55.44.

General American Investors Cuts Dividend

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

Insider Activity

In other news, CEO Jeffrey W. Priest bought 6,000 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,392 shares in the company, valued at approximately $384,800. This trade represents a 63.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 7,250 shares of company stock worth $192,031 over the last quarter. Insiders own 8.30% of the company’s stock.

General American Investors 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.