Sit Investment Associates Inc. Boosts Stake in General American Investors Company, Inc. (NYSE:GAM)

Sit Investment Associates Inc. increased its holdings in shares of General American Investors Company, Inc. (NYSE:GAM) by 35.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,050 shares of the investment management company’s stock after acquiring an additional 63,197 shares during the period. Sit Investment Associates Inc. owned approximately 1.00% of General American Investors worth $12,194,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Armstrong Advisory Group Inc. acquired a new position in shares of General American Investors during the 4th quarter worth $52,000. PNC Financial Services Group Inc. grew its position in General American Investors by 8.6% during the fourth 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 period. Tyler Stone Wealth Management increased its holdings in General American Investors by 8.5% in the fourth quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company’s stock valued at $249,000 after buying an additional 384 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position 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 valued at $257,000 after acquiring an additional 372 shares during the period. Finally, Integrated Capital Management Inc. boosted its stake 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 acquiring an additional 940 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the company’s stock.

Insider Buying and Selling

In other General American Investors news, Chairman Spencer Davidson sold 11,199 shares of General American Investors stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $24.83, for a total transaction of $278,071.17. Following the completion of the transaction, the chairman now owns 22,400 shares in the company, valued at approximately $556,192. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eugene S. Stark purchased 2,500 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the vice president now directly owns 14,500 shares of the company’s stock, 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 have acquired 4,885 shares of company stock worth $121,691 in the last three months. Corporate insiders own 8.33% of the company’s stock.

General American Investors Stock Down 5.5 %

NYSE GAM opened at $46.94 on Friday. The business has a 50 day moving average price of $51.25 and a 200 day moving average price of $52.05. General American Investors Company, Inc. has a 1-year low of $44.54 and a 1-year high of $55.44.

General American Investors Cuts Dividend

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

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.