Commonwealth Equity Services LLC Raises Stock Position in General American Investors Company, Inc. (NYSE:GAM)

Commonwealth Equity Services LLC lifted its position in General American Investors Company, Inc. (NYSE:GAM) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,651 shares of the investment management company’s stock after purchasing an additional 931 shares during the period. Commonwealth Equity Services LLC’s holdings in General American Investors were worth $1,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC raised its position in General American Investors by 0.6% during 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. Sanctuary Advisors LLC raised its holdings in shares of General American Investors by 4.1% in the fourth 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 in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in General American Investors in the fourth quarter worth about $1,564,000. Park Avenue Securities LLC grew its holdings in 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 worth $1,516,000 after acquiring an additional 4,782 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in General American Investors by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company’s stock valued at $1,157,000 after purchasing an additional 1,537 shares during the period. Institutional investors own 36.85% of the company’s stock.

Insiders Place Their Bets

In related news, VP Eugene S. Stark purchased 2,500 shares of General American Investors stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $25.00 per share, with a total value of $62,500.00. Following the transaction, the vice president now owns 14,500 shares in the company, valued at approximately $362,500. The trade was a 20.83 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 3,577 shares of company stock worth $89,391 over the last 90 days. Company insiders own 8.33% of the company’s stock.

General American Investors Stock Performance

NYSE:GAM opened at $50.52 on Monday. The firm has a 50-day simple moving average of $51.59 and a 200-day simple moving average of $52.14. General American Investors Company, Inc. has a one year low of $44.54 and a one year high of $55.44.

General American Investors Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a $0.25 dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend was Monday, February 24th.

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.