General American Investors Company, Inc. (NYSE:GAM) Shares Bought by Savant Capital LLC

Savant Capital LLC grew its holdings in shares of General American Investors Company, Inc. (NYSE:GAM) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,221 shares of the investment management company’s stock after purchasing an additional 689 shares during the period. Savant Capital LLC’s holdings in General American Investors were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GAM. Pathstone Holdings LLC increased its position 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 purchasing an additional 79,975 shares during the period. Capstone Investment Advisors LLC acquired a new position in General American Investors during the 3rd quarter worth approximately $1,769,000. Advisors Asset Management Inc. acquired a new position in General American Investors during the 3rd quarter worth approximately $1,490,000. Pinnacle Associates Ltd. acquired a new position in General American Investors during the 3rd quarter worth approximately $422,000. Finally, Schrum Private Wealth Management LLC increased its position in General American Investors by 100.0% during the 3rd 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. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Trading Down 0.3 %

NYSE GAM opened at $52.70 on Monday. The business’s 50 day moving average is $51.97 and its two-hundred day moving average is $52.24. General American Investors Company, Inc. has a 12-month low of $44.30 and a 12-month high of $55.44.

General American Investors Cuts Dividend

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

Insider Transactions at General American Investors

In other news, CEO Jeffrey W. Priest purchased 6,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $25.00 per share, with a total value of $150,000.00. Following the purchase, the chief executive officer now directly owns 15,392 shares of the company’s stock, valued at $384,800. The trade was a 63.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought 7,250 shares of company stock valued at $192,031 in the last quarter. 8.30% of the stock is currently owned by corporate insiders.

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.