Envestnet Asset Management Inc. Buys 4,783 Shares of General American Investors Company, Inc. (NYSE:GAM)

Envestnet Asset Management Inc. boosted its stake in shares of General American Investors Company, Inc. (NYSE:GAM) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,898 shares of the investment management company’s stock after purchasing an additional 4,783 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of General American Investors worth $1,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GAM. PNC Financial Services Group Inc. lifted its position in General American Investors by 8.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 197 shares in the last quarter. Stolper Co lifted its position in shares of General American Investors by 6.7% during the 4th quarter. Stolper Co now owns 5,879 shares of the investment management company’s stock valued at $300,000 after buying an additional 368 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of General American Investors by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock valued at $257,000 after acquiring an additional 372 shares during the period. Tyler Stone Wealth Management increased its holdings in General American Investors by 8.5% in the 4th quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company’s stock worth $249,000 after acquiring an additional 384 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in General American Investors by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,328 shares of the investment management company’s stock worth $527,000 after acquiring an additional 414 shares during the period. Institutional investors own 36.85% of the company’s stock.

Insider Transactions at General American Investors

In other news, Chairman Spencer Davidson sold 11,199 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $24.83, for a total value of $278,071.17. Following the completion of the transaction, the chairman now owns 22,400 shares of the company’s stock, valued at $556,192. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Eugene S. Stark purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $25.00 per share, with a total value of $62,500.00. Following the completion of the purchase, the vice president now owns 14,500 shares of the company’s stock, valued at $362,500. The trade was a 20.83 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 4,885 shares of company stock valued at $121,691 and sold 15,199 shares valued at $376,971. Corporate insiders own 8.33% of the company’s stock.

General American Investors Trading Up 0.1 %

GAM opened at $50.14 on Tuesday. The company has a 50 day simple moving average of $49.82 and a two-hundred day simple moving average of $51.44. General American Investors Company, Inc. has a 1-year low of $41.80 and a 1-year high of $55.44.

General American Investors Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, February 24th.

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.