General American Investors Co Inc (GAM): Spencer Davidson , director other of General American Investors Co Inc sold 400 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $30.65 per share for a total value of $12,260.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Spencer Davidson (director other) sold 400 shares at $30.65 per share price.On May 18, 2016, Eugene S Stark (VP Administration CCO/PFO) purchased 1,000 shares at $26.74 per share price.Also, On May 18, 2016, Arthur G Jr Altschul (director) sold 400 shares at $30.65 per share price.On May 18, 2016, Fbo Arthur G Altschul Jr Trust (other) sold 400 shares at $30.65 per share price.
Shares of General American Investors Co. (GAM) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.1199 points or -0.39% at $30.2601 with 27,203 shares getting traded. Post opening the session at $30.28, the shares hit an intraday low of $30.15 and an intraday high of $30.395 and the price vacillated in this range throughout the day. The company has a market cap of $887 M and the number of outstanding shares has been calculated to be 2,93,24,000 shares. The 52-week high of General American Investors Co. is $36.02 and the 52-week low is $26.37.
General American Investors Company Inc. is a diversified closed-end management investment company. The primary objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. Lesser emphasis is placed on current income. The Company invests principally in common stocks. The Company’s investment approach focuses on the selection of individual stocks each of which is expected to meet a clearly defined portfolio objective. The Company’s portfolio of investments include financials information technology consumer discretionary consumer staples energy health care industrials telecommunication services materials short-term securities and other.