Insider Buying: General American Investors Co. Inc. (GAM) Chairman Purchases $170,900.00 in Stock

General American Investors Co. Inc. (NYSE:GAM) Chairman Spencer Davidson acquired 5,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of $34.18 per share, for a total transaction of $170,900.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Spencer Davidson also recently made the following trade(s):

  • On Friday, December 15th, Spencer Davidson acquired 800 shares of General American Investors stock. The stock was acquired at an average cost of $33.87 per share, for a total transaction of $27,096.00.
  • On Wednesday, December 13th, Spencer Davidson acquired 400 shares of General American Investors stock. The stock was acquired at an average cost of $33.83 per share, for a total transaction of $13,532.00.

Shares of General American Investors Co. Inc. (GAM) traded up $0.03 during mid-day trading on Thursday, hitting $34.13. 59,200 shares of the stock were exchanged, compared to its average volume of 44,058. General American Investors Co. Inc. has a twelve month low of $31.01 and a twelve month high of $36.59.

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, November 13th will be given a $0.48 dividend. This represents a dividend yield of 1.33%. The ex-dividend date is Friday, November 10th. This is a positive change from General American Investors’s previous annual dividend of $0.05.

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of General American Investors in the third quarter worth $117,000. Janney Montgomery Scott LLC bought a new stake in General American Investors during the second quarter worth $200,000. Raymond James Trust N.A. bought a new stake in General American Investors during the second quarter worth $204,000. Citigroup Inc. raised its position in General American Investors by 2,379.3% during the second quarter. Citigroup Inc. now owns 13,686 shares of the investment management company’s stock worth $470,000 after acquiring an additional 13,134 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its position in General American Investors by 24.7% during the third quarter. Commonwealth Equity Services Inc now owns 21,031 shares of the investment management company’s stock worth $757,000 after acquiring an additional 4,159 shares in the last quarter. 26.56% of the stock is currently owned by institutional investors and hedge funds.

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About General American Investors

Insider Buying and Selling by Quarter for General American Investors (NYSE:GAM)

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