Salem Investment Counselors Inc. Has $1.12 Million Holdings in General American Investors Company, Inc. (NYSE:GAM)

Salem Investment Counselors Inc. raised its position in General American Investors Company, Inc. (NYSE:GAM) by 3.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 24,006 shares of the investment management company’s stock after acquiring an additional 890 shares during the period. Salem Investment Counselors Inc. owned approximately 0.10% of General American Investors worth $1,117,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GAM. Stolper Co grew its stake in General American Investors by 5.0% in the fourth quarter. Stolper Co now owns 5,779 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 275 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of General American Investors by 6.8% during the third quarter. Janney Montgomery Scott LLC now owns 6,892 shares of the investment management company’s stock valued at $284,000 after buying an additional 440 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of General American Investors by 17.3% during the third quarter. HighTower Advisors LLC now owns 20,847 shares of the investment management company’s stock valued at $858,000 after buying an additional 3,075 shares during the last quarter. Epoch Investment Partners Inc. boosted its position in shares of General American Investors by 111.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 43,251 shares of the investment management company’s stock valued at $1,858,000 after buying an additional 22,813 shares during the last quarter. Finally, AQR Arbitrage LLC boosted its position in shares of General American Investors by 185.1% during the third quarter. AQR Arbitrage LLC now owns 59,684 shares of the investment management company’s stock valued at $2,455,000 after buying an additional 38,752 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

Insider Activity at General American Investors

In related news, Director Arthur G. Altschul, Jr. sold 6,397 shares of General American Investors stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $24.63, for a total transaction of $157,558.11. Following the transaction, the director now owns 26,400 shares of the company’s stock, valued at $650,232. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Arthur G. Altschul, Jr. sold 6,868 shares of General American Investors stock in a transaction on Monday, May 20th. The stock was sold at an average price of $24.66, for a total transaction of $169,364.88. Following the sale, the director now directly owns 42,492 shares in the company, valued at $1,047,852.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur G. Altschul, Jr. sold 6,397 shares of General American Investors stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $24.63, for a total value of $157,558.11. Following the sale, the director now owns 26,400 shares in the company, valued at $650,232. The disclosure for this sale can be found here. Insiders have purchased a total of 11,227 shares of company stock valued at $285,156 over the last 90 days. Insiders own 8.30% of the company’s stock.

General American Investors Stock Up 0.2 %

Shares of NYSE:GAM opened at $49.25 on Monday. General American Investors Company, Inc. has a 12-month low of $39.12 and a 12-month high of $49.50. The business’s 50 day moving average is $47.46 and its 200 day moving average is $45.31.

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.