Apexium Financial LP Sells 200 Shares of General American Investors Company, Inc. (NYSE:GAM)

Apexium Financial LP decreased its position in shares of General American Investors Company, Inc. (NYSE:GAM) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 8,345 shares of the investment management company’s stock after selling 200 shares during the period. Apexium Financial LP’s holdings in General American Investors were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of General American Investors by 122.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock worth $34,000 after purchasing an additional 378 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of General American Investors in the fourth quarter valued at approximately $52,000. Farther Finance Advisors LLC acquired a new stake in shares of General American Investors in the third quarter worth $59,000. Eastern Bank acquired a new position in General American Investors during the 3rd quarter valued at $92,000. Finally, Tyler Stone Wealth Management boosted 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 purchasing an additional 2,247 shares during the period. 36.85% of the stock is currently owned by institutional investors.

General American Investors Stock Performance

NYSE:GAM opened at $52.33 on Tuesday. The firm’s 50-day moving average is $51.51 and its 200-day moving average is $52.13. General American Investors Company, Inc. has a 52-week low of $43.48 and a 52-week high of $55.44.

General American Investors Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 27th. Investors of record on Monday, November 18th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, November 18th. This represents a yield of 0.8%.

Insider Buying and Selling at General American Investors

In other news, CEO Jeffrey W. Priest acquired 6,000 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the chief executive officer now owns 15,392 shares in the company, valued at approximately $384,800. This trade represents a 63.88 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 7,250 shares of company stock valued at $192,031 in the last quarter. Corporate insiders own 8.30% of the company’s stock.

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.