Armstrong Advisory Group Inc. Invests $52,000 in General American Investors Company, Inc. (NYSE:GAM)

Armstrong Advisory Group Inc. bought a new stake in General American Investors Company, Inc. (NYSE:GAM) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,026 shares of the investment management company’s stock, valued at approximately $52,000.

Several other hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of General American Investors by 122.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock valued at $34,000 after buying an additional 378 shares in the last quarter. Farther Finance Advisors LLC bought a new position in General American Investors in the third quarter valued at $59,000. Eastern Bank purchased a new stake in General American Investors during the third quarter valued at about $92,000. Tyler Stone Wealth Management raised its position in General American Investors by 100.0% during the third quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 2,247 shares in the last quarter. Finally, Integrated Capital Management Inc. lifted its stake in General American Investors by 22.1% during the fourth quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock worth $265,000 after purchasing an additional 940 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors.

Insider Transactions at General American Investors

In related news, CEO Jeffrey W. Priest acquired 6,000 shares of General American Investors stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $25.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the chief executive officer now owns 15,392 shares of the company’s stock, valued at $384,800. This represents a 63.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders acquired 7,250 shares of company stock worth $192,031. 8.30% of the stock is currently owned by insiders.

General American Investors Trading Up 1.0 %

Shares of General American Investors stock opened at $52.29 on Friday. General American Investors Company, Inc. has a 12 month low of $42.03 and a 12 month high of $55.44. The business’s 50-day moving average price is $51.71 and its 200-day moving average price is $51.98.

General American Investors Announces Dividend

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

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.