Overbrook Management Corp Sells 14,058 Shares of General American Investors Company, Inc. (NYSE:GAM)

Overbrook Management Corp decreased its stake in shares of General American Investors Company, Inc. (NYSE:GAM) by 40.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,783 shares of the investment management company’s stock after selling 14,058 shares during the quarter. Overbrook Management Corp owned 0.09% of General American Investors worth $1,060,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GAM. Pathstone Holdings LLC grew its position in General American Investors by 31.9% during the third quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock worth $17,731,000 after buying an additional 79,975 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of General American Investors during the 2nd quarter worth approximately $1,818,000. Capstone Investment Advisors LLC acquired a new stake in shares of General American Investors during the 3rd quarter worth approximately $1,769,000. Advisors Asset Management Inc. bought a new stake in shares of General American Investors during the third quarter valued at approximately $1,490,000. Finally, Logan Stone Capital LLC raised its stake in shares of General American Investors by 69.3% in the second quarter. Logan Stone Capital LLC now owns 64,946 shares of the investment management company’s stock valued at $3,229,000 after purchasing an additional 26,595 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Trading Up 0.5 %

GAM opened at $52.40 on Monday. The firm’s fifty day moving average price is $51.61 and its two-hundred day moving average price is $52.03. General American Investors Company, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $55.44.

General American Investors Dividend Announcement

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

Insider Activity at General American Investors

In related news, CEO Jeffrey W. Priest acquired 6,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $25.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the chief executive officer now owns 15,392 shares of the company’s stock, valued at $384,800. This trade represents a 63.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired a total of 7,250 shares of company stock valued at $192,031 over the last quarter. 8.30% of the stock is owned by company insiders.

General American Investors 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.