Armstrong Advisory Group Inc. Takes Position in General American Investors Company, Inc. (NYSE:GAM)

Armstrong Advisory Group Inc. acquired a new position in General American Investors Company, Inc. (NYSE:GAM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,026 shares of the investment management company’s stock, valued at approximately $52,000.

Other large investors also recently added to or reduced their stakes in the company. Logan Stone Capital LLC boosted its position in General American Investors by 69.3% during the second quarter. Logan Stone Capital LLC now owns 64,946 shares of the investment management company’s stock worth $3,229,000 after purchasing an additional 26,595 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $34,000 after buying an additional 378 shares in the last quarter. Sanctuary Advisors LLC bought a new position in General American Investors in the 2nd quarter worth approximately $1,818,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in General American Investors in the 3rd quarter valued at approximately $513,000. Finally, Eastern Bank bought a new stake in General American Investors during the 3rd quarter valued at $92,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Stock Performance

NYSE:GAM opened at $52.29 on Friday. General American Investors Company, Inc. has a 1 year low of $42.03 and a 1 year high of $55.44. The stock’s fifty day moving average price is $51.71 and its two-hundred day moving average price is $51.98.

General American Investors Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, November 18th were paid a $0.45 dividend. The ex-dividend date of this dividend 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 bought 6,000 shares of the stock in a transaction on 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 purchase, the chief executive officer now directly owns 15,392 shares of the company’s stock, valued at $384,800. This trade represents a 63.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 7,250 shares of company stock valued at $192,031 in the last quarter. 8.30% of the stock is currently owned by corporate insiders.

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.