General American Investors Company, Inc. (NYSE:GAM) Stake Raised by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC raised its holdings in General American Investors Company, Inc. (NYSE:GAM) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 718,133 shares of the investment management company’s stock after acquiring an additional 4,256 shares during the period. General American Investors makes up 7.0% of Blue Bell Private Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Blue Bell Private Wealth Management LLC’s holdings in General American Investors were worth $36,632,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new position in General American Investors in the 4th quarter valued at $52,000. Farther Finance Advisors LLC acquired a new position in General American Investors in the 3rd quarter valued at $59,000. Tyler Stone Wealth Management raised its holdings in General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after acquiring an additional 2,247 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of General American Investors by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock worth $257,000 after buying an additional 372 shares during the last quarter. Finally, Integrated Capital Management Inc. increased its holdings in shares of General American Investors by 22.1% during the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock worth $265,000 after buying an additional 940 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Stock Performance

GAM stock opened at $50.49 on Friday. The business has a fifty day simple moving average of $51.89 and a 200-day simple moving average of $52.36. General American Investors Company, Inc. has a 52 week low of $44.54 and a 52 week high of $55.44.

General American Investors Cuts Dividend

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

Insider Transactions at General American Investors

In other news, CEO Jeffrey W. Priest acquired 6,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $150,000.00. Following the acquisition, the chief executive officer now directly owns 15,392 shares in the company, valued at approximately $384,800. This represents a 63.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Eugene S. Stark acquired 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $25.00 per share, with a total value of $62,500.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 10,400 shares of company stock worth $270,781 in the last ninety days. Insiders own 8.30% of the company’s stock.

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.