Stratos Wealth Partners LTD. Reduces Holdings in General American Investors Company, Inc. (NYSE:GAM)

Stratos Wealth Partners LTD. reduced its stake in shares of General American Investors Company, Inc. (NYSE:GAM) by 42.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,926 shares of the investment management company’s stock after selling 3,693 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in General American Investors were worth $212,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Stolper Co grew its holdings in General American Investors by 5.0% during the 4th quarter. Stolper Co now owns 5,779 shares of the investment management company’s stock worth $248,000 after acquiring an additional 275 shares in the last quarter. Walleye Capital LLC grew its holdings in General American Investors by 58.1% during the 3rd quarter. Walleye Capital LLC now owns 17,055 shares of the investment management company’s stock worth $702,000 after acquiring an additional 6,266 shares in the last quarter. Almitas Capital LLC grew its holdings in General American Investors by 8.7% during the 3rd quarter. Almitas Capital LLC now owns 119,406 shares of the investment management company’s stock worth $4,663,000 after acquiring an additional 9,542 shares in the last quarter. Royal Bank of Canada grew its holdings in General American Investors by 9.9% during the 3rd quarter. Royal Bank of Canada now owns 118,272 shares of the investment management company’s stock worth $4,866,000 after acquiring an additional 10,620 shares in the last quarter. Finally, AQR Arbitrage LLC grew its holdings in General American Investors by 185.1% during the 3rd quarter. AQR Arbitrage LLC now owns 59,684 shares of the investment management company’s stock worth $2,455,000 after acquiring an additional 38,752 shares in the last quarter. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Price Performance

Shares of GAM stock opened at $45.20 on Wednesday. General American Investors Company, Inc. has a 1-year low of $38.40 and a 1-year high of $46.81. The firm has a fifty day moving average of $45.38 and a two-hundred day moving average of $43.19.

Insider Activity

In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was acquired at an average cost of $25.00 per share, with a total value of $62,500.00. Following the acquisition, the vice president now owns 10,000 shares of the company’s stock, valued at approximately $250,000. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was acquired at an average cost of $25.00 per share, with a total value of $62,500.00. Following the acquisition, the vice president now owns 10,000 shares of the company’s stock, valued at approximately $250,000. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey W. Priest purchased 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was acquired at an average cost of $25.09 per share, with a total value of $100,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,200 shares in the company, valued at approximately $180,648. The disclosure for this purchase can be found here. In the last three months, insiders acquired 7,630 shares of company stock valued at $207,312. Company 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.