General American Investors, Inc. (NYSE:GAM) CEO Jeffrey W. Priest bought 5,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was purchased at an average price of $33.49 per share, for a total transaction of $167,450.00. Following the purchase, the chief executive officer now owns 73,939 shares of the company’s stock, valued at approximately $2,476,217.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of General American Investors, Inc. (NYSE:GAM) traded down $0.13 during midday trading on Friday, hitting $33.59. 39,672 shares of the stock traded hands, compared to its average volume of 89,842. General American Investors, Inc. has a 52-week low of $30.62 and a 52-week high of $36.59.

The company also recently announced an annual dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, November 13th will be paid a $0.48 dividend. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, November 10th. This is an increase from General American Investors’s previous annual dividend of $0.05.

Several hedge funds and other institutional investors have recently modified their holdings of GAM. Relative Value Partners Group LLC lifted its stake in shares of General American Investors by 19.0% in the third quarter. Relative Value Partners Group LLC now owns 479,748 shares of the investment management company’s stock worth $17,276,000 after buying an additional 76,448 shares in the last quarter. Shaker Financial Services LLC lifted its stake in shares of General American Investors by 38.2% in the third quarter. Shaker Financial Services LLC now owns 247,950 shares of the investment management company’s stock worth $8,931,000 after buying an additional 68,494 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of General American Investors by 79.5% in the third quarter. Sit Investment Associates Inc. now owns 137,031 shares of the investment management company’s stock worth $4,936,000 after buying an additional 60,696 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of General American Investors by 2.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 578,367 shares of the investment management company’s stock worth $20,833,000 after buying an additional 16,314 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of General American Investors by 2,379.3% in the second quarter. Citigroup Inc. now owns 13,686 shares of the investment management company’s stock worth $470,000 after buying an additional 13,134 shares in the last quarter. Hedge funds and other institutional investors own 26.54% of the company’s stock.

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About General American Investors

Insider Buying and Selling by Quarter for General American Investors (NYSE:GAM)

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