Landscape Capital Management L.L.C. lowered its stake in General American Investors Company, Inc. (NYSE:GAM – Free Report) by 76.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,507 shares of the investment management company’s stock after selling 21,285 shares during the period. Landscape Capital Management L.L.C.’s holdings in General American Investors were worth $332,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. bought a new position in shares of General American Investors in the 4th quarter valued at $52,000. PNC Financial Services Group Inc. raised its position in General American Investors by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 197 shares during the last quarter. Tyler Stone Wealth Management boosted its stake in shares of General American Investors by 8.5% during the fourth quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company’s stock valued at $249,000 after purchasing an additional 384 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of General American Investors by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock worth $257,000 after purchasing an additional 372 shares during the last quarter. Finally, Integrated Capital Management Inc. increased 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 buying an additional 940 shares during the period. Institutional investors own 36.85% of the company’s stock.
General American Investors Trading Down 2.3 %
Shares of NYSE GAM opened at $45.87 on Tuesday. General American Investors Company, Inc. has a 1 year low of $41.80 and a 1 year high of $55.44. The company has a 50 day simple moving average of $51.12 and a 200 day simple moving average of $51.98.
General American Investors Cuts Dividend
Insider Transactions at General American Investors
In related news, VP Eugene S. Stark acquired 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $25.00 per share, with a total value of $62,500.00. Following the completion of the purchase, the vice president now directly owns 14,500 shares in the company, valued at $362,500. The trade was a 20.83 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arthur G. Altschul, Jr. sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $24.83, for a total transaction of $49,660.00. Following the sale, the director now directly owns 24,400 shares of the company’s stock, valued at $605,852. This represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 4,885 shares of company stock worth $121,691. Company insiders own 8.33% of the company’s stock.
General American Investors 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.
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