Insider Buying: General American Investors, Inc. (GAM) CEO Purchases $167,450.00 in Stock
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.
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About General American Investors
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