Park Avenue Securities LLC Has $1.52 Million Position in General American Investors Company, Inc. (NYSE:GAM)

Park Avenue Securities LLC raised its holdings in shares of General American Investors Company, Inc. (NYSE:GAM) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,724 shares of the investment management company’s stock after buying an additional 4,782 shares during the quarter. Park Avenue Securities LLC owned about 0.12% of General American Investors worth $1,516,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GAM. Integrated Capital Management Inc. raised its stake in shares of General American Investors by 22.1% in the fourth quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock valued at $265,000 after purchasing an additional 940 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of General American Investors by 7.7% during the third quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company’s stock valued at $1,157,000 after acquiring an additional 1,537 shares during the period. Capstone Investment Advisors LLC acquired a new position in General American Investors in the third quarter valued at about $1,769,000. Advisors Asset Management Inc. acquired a new stake in shares of General American Investors during the third quarter worth about $1,490,000. Finally, Pathstone Holdings LLC raised its position in shares of General American Investors by 31.9% during the third 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. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Trading Up 0.5 %

NYSE:GAM opened at $52.40 on Friday. General American Investors Company, Inc. has a 52-week low of $42.25 and a 52-week high of $55.44. The stock has a 50-day simple moving average of $51.61 and a 200 day simple moving average of $52.02.

General American Investors Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, November 18th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a yield of 0.8%.

Insider Transactions at General American Investors

In other news, CEO Jeffrey W. Priest purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost 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 in the company, valued at approximately $384,800. This trade represents a 63.88 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders acquired 7,250 shares of company stock worth $192,031. 8.30% of the stock is owned by company 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.