General American Investors Co Inc (GAM) Files Form 4 Insider Selling : F B O Altschul Charles U Trust Sells 4,700 Shares

General American Investors Co Inc (GAM): F B O Altschul Charles U Trust , director other of General American Investors Co Inc sold 4,700 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $31.17 per share for a total value of $147,025.95 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 29, 2016, F B O Altschul Charles U Trust (director other) sold 4,700 shares at $31.17 per share price.On Jun 24, 2016, Spencer Davidson (director other) sold 25,600 shares at $31.17 per share price.Also, On Jun 24, 2016, Arthur G Jr Altschul (director) sold 5,494 shares at $31.25 per share price.On Jun 24, 2016, Fbo Von Reis Altschul Se Trust (other) sold 500 shares at $31.33 per share price.

Shares of General American Investors Co. (GAM) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.58 points or -1.92% at $29.67 with 63,878 shares getting traded. Post opening the session at $30.03, the shares hit an intraday low of $29.45 and an intraday high of $30.05 and the price vacillated in this range throughout the day. The company has a market cap of $870 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 $35.35 and the 52-week low is $26.37.

General American Investors Co. Money Flow Index Chart

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.

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