General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest Buys 6,000 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM) CEO Jeffrey W. Priest bought 6,000 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of $25.00 per share, with a total value of $150,000.00. Following the acquisition, the chief executive officer now owns 15,392 shares of the company’s stock, valued at $384,800. This trade represents a 63.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

General American Investors Price Performance

GAM opened at $52.51 on Wednesday. General American Investors Company, Inc. has a 12 month low of $41.88 and a 12 month high of $55.44. The stock has a fifty day moving average price of $52.68 and a 200-day moving average price of $51.69.

General American Investors Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.45 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Monday, November 18th.

Institutional Trading of General American Investors

Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in General American Investors by 122.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 378 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of General American Investors in the 3rd quarter worth $59,000. Eastern Bank acquired a new stake in shares of General American Investors in the 3rd quarter worth $92,000. Tyler Stone Wealth Management grew its stake in General American Investors by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock worth $241,000 after buying an additional 2,247 shares during the last quarter. Finally, Pinnacle Associates Ltd. acquired a new position in General American Investors during the 3rd quarter valued at about $422,000. 36.85% of the stock is currently owned by institutional investors.

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.