Kelman Lazarov Inc. reduced its stake in shares of General American Investors, Inc. (NYSE:GAM) by 1.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 91,497 shares of the investment management company’s stock after selling 1,714 shares during the period. General American Investors makes up 1.7% of Kelman Lazarov Inc.’s portfolio, making the stock its 18th largest position. Kelman Lazarov Inc. owned about 0.34% of General American Investors worth $3,143,000 as of its most recent filing with the SEC.
Shares of General American Investors, Inc. (NYSE GAM) traded up 0.70% during midday trading on Friday, reaching $34.30. 21,533 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $34.77 and its 200 day moving average is $33.88. General American Investors, Inc. has a one year low of $28.72 and a one year high of $35.40. The firm has a market cap of $919.62 million, a PE ratio of 6.05 and a beta of 1.19.
In related news, CEO Jeffrey W. Priest bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of $34.18 per share, with a total value of $51,270.00. Following the completion of the transaction, the chief executive officer now owns 70,139 shares of the company’s stock, valued at $2,397,351.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.68% of the stock is currently owned by company insiders.
About General American Investors
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