General American Investors Co. Director Sells $47,575 in Stock (GAM)
General American Investors Co. (NYSE:GAM) Director Trust Fbo Arthur G. Altschul, Jr. sold 1,458 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $32.63, for a total transaction of $47,574.54. Following the sale, the director now directly owns 35,300 shares in the company, valued at approximately $1,151,839. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of General American Investors Co. (NYSE:GAM) traded up 0.67% on Friday, hitting $33.15. 103,843 shares of the company’s stock traded hands. General American Investors Co. has a one year low of $29.66 and a one year high of $36.04. The stock has a 50-day moving average of $34.19 and a 200-day moving average of $34.18. The company has a market cap of $972.1 million and a P/E ratio of 3.93.
General American Investors Company, Inc is a diversified, closed-end management investment company. The primary objective of the Company is long-term capital appreciation.
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