General American Investors (NYSE:GAM) Hits New 52-Week Low – Time to Sell?

General American Investors Company, Inc. (NYSE:GAM)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $41.80 and last traded at $44.50, with a volume of 5586 shares traded. The stock had previously closed at $46.97.

General American Investors Stock Performance

The company’s 50-day moving average price is $51.25 and its 200-day moving average price is $52.03.

General American Investors Cuts Dividend

The firm also recently announced a — dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a yield of 0.9%.

Insider Buying and Selling at General American Investors

In related news, VP Eugene S. Stark purchased 2,500 shares of General American Investors stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $25.00 per share, with a total value of $62,500.00. Following the transaction, the vice president now directly owns 14,500 shares of the company’s stock, valued at approximately $362,500. This trade represents a 20.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey W. Priest acquired 1,735 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was bought at an average price of $24.75 per share, with a total value of $42,941.25. Following the purchase, the chief executive officer now directly owns 17,127 shares in the company, valued at approximately $423,893.25. This trade represents a 11.27 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 4,885 shares of company stock valued at $121,691 in the last 90 days. Company insiders own 8.33% of the company’s stock.

Institutional Investors Weigh In On General American Investors

Large investors have recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new position in shares of General American Investors during the fourth quarter worth $52,000. PNC Financial Services Group Inc. lifted its holdings in General American Investors by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company’s stock worth $127,000 after buying an additional 197 shares during the last quarter. Tyler Stone Wealth Management boosted its position in shares of General American Investors by 8.5% during the 4th quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company’s stock worth $249,000 after acquiring an additional 384 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of General American Investors by 8.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock valued at $257,000 after acquiring 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% in the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock valued at $265,000 after acquiring an additional 940 shares during the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.

General American Investors Company 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.