Captrust Financial Advisors Sells 623 Shares of General American Investors Company, Inc. (NYSE:GAM)

Captrust Financial Advisors decreased its stake in shares of General American Investors Company, Inc. (NYSE:GAM) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,543 shares of the investment management company’s stock after selling 623 shares during the quarter. Captrust Financial Advisors’ holdings in General American Investors were worth $334,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of General American Investors in the 4th quarter valued at about $797,000. PNC Financial Services Group Inc. raised its holdings in shares of General American Investors by 8.6% in the 4th 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. Stratos Wealth Partners LTD. raised its holdings in shares of General American Investors by 8.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock valued at $257,000 after purchasing an additional 372 shares in the last quarter. Savant Capital LLC raised its holdings in shares of General American Investors by 8.1% in the 4th quarter. Savant Capital LLC now owns 9,221 shares of the investment management company’s stock valued at $470,000 after purchasing an additional 689 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of General American Investors by 4.1% in the 4th quarter. Sanctuary Advisors LLC now owns 41,134 shares of the investment management company’s stock valued at $2,163,000 after purchasing an additional 1,632 shares in the last quarter. Institutional investors own 36.85% of the company’s stock.

General American Investors Stock Performance

NYSE:GAM opened at $53.35 on Wednesday. General American Investors Company, Inc. has a one year low of $41.80 and a one year high of $55.44. The firm has a 50-day simple moving average of $50.29 and a 200-day simple moving average of $51.30.

Insider Activity

In other news, VP Eugene S. Stark acquired 2,500 shares of General American Investors stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the purchase, the vice president now directly owns 14,500 shares in the company, valued at $362,500. The trade was a 20.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $24.62, for a total transaction of $49,240.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 6,026 shares of company stock worth $149,931 and sold 32,599 shares worth $808,839. Company insiders own 8.33% 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.