General American Investors Company, Inc.
US ˙ NYSE ˙ US3688021043

Introduction

This page provides a comprehensive analysis of the known insider trading history of Fbo Altschul Emily H Uw Altschul F Trust. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate Fbo Altschul Emily H Uw Altschul F Trust has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:GAM / General American Investors Company, Inc. Director 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Fbo Altschul Emily H Uw Altschul F Trust. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases GAM / General American Investors Company, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in GAM / General American Investors Company, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

GAM / General American Investors Company, Inc. Insider Trades
Insider Sales GAM / General American Investors Company, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in GAM / General American Investors Company, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2018-04-23 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 394 33.9600 394 33.9600 13,380 245 27.0900 -2,707 -20.23
2017-03-31 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 300 33.5281 300 33.5281 10,058
2017-03-15 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 250 33.4316 250 33.4316 8,358
2014-03-07 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 280 35.0744 280 35.0744 9,821
2014-03-06 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 250 35.1320 250 35.1320 8,783
2014-03-05 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 1,463 35.1152 1,463 35.1152 51,374
2014-03-04 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 150 35.1067 150 35.1067 5,266
2014-03-03 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 50 34.6243 50 34.6243 1,731
2014-02-28 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 96 34.7683 96 34.7683 3,338
2014-02-24 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 36 34.5200 36 34.5200 1,243
2014-02-21 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 71 34.2937 71 34.2937 2,435
2014-02-20 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 1,055 34.3122 1,055 34.3122 36,199
2014-02-07 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 118 33.1249 118 33.1249 3,909
2014-01-29 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 200 33.3083 200 33.3083 6,662
2013-11-01 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F 1,000 35.3605 1,000 35.3605 35,360

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

GAM / General American Investors Company, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Fbo Altschul Emily H Uw Altschul F Trust as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2018-04-25 2018-04-23 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -394 0 -100.00 33.96 -13,380
2017-03-31 2017-03-31 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -300 394 -43.23 33.53 -10,058 13,210
2017-03-17 2017-03-15 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -250 694 -26.48 33.43 -8,358 23,202
2014-03-10 2014-03-07 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -280 944 -22.88 35.07 -9,821 33,110
2014-03-07 2014-03-06 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -250 1,224 -16.96 35.13 -8,783 43,002
2014-03-07 2014-03-05 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,463 1,474 -49.81 35.12 -51,374 51,760
2014-03-05 2014-03-04 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -150 2,937 -4.86 35.11 -5,266 103,108
2014-03-05 2014-03-03 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -50 3,087 -1.59 34.62 -1,731 106,885
2014-03-03 2014-02-28 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -96 3,137 -2.97 34.77 -3,338 109,068
2014-02-26 2014-02-24 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -36 3,233 -1.10 34.52 -1,243 111,603
2014-02-24 2014-02-21 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -71 3,269 -2.13 34.29 -2,435 112,106
2014-02-24 2014-02-20 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,055 3,340 -24.00 34.31 -36,199 114,603
2014-02-11 2014-02-07 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -118 4,395 -2.61 33.12 -3,909 145,584
2014-01-31 2014-01-29 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -200 4,513 -4.24 33.31 -6,662 150,320
2013-11-04 2013-11-01 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,000 4,713 -17.50 35.36 -35,360 166,654
2012-01-31 2011-12-23 5 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
J - Other 109 5,713 1.95 25.48 2,777 145,567
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)