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 Hg 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 Hg Trust has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:GAM / General American Investors Company, Inc. Director 2,326
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 Hg 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 (%)
2017-03-15 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 1,000 33.4316 1,000 33.4316 33,432 245 32.7200 -711 -2.13
2016-10-10 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 1,000 32.5875 1,000 32.5875 32,588
2016-06-23 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 1,000 31.3300 1,000 31.3300 31,330
2015-07-28 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 1,000 34.1220 1,000 34.1220 34,122
2015-07-13 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 3,100 34.8042 3,100 34.8042 107,893
2014-05-20 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 212 35.3383 212 35.3383 7,492
2014-05-19 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 788 35.4021 788 35.4021 27,897
2014-04-25 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 2,000 35.2800 2,000 35.2800 70,560
2014-03-07 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 1,210 35.0744 1,210 35.0744 42,440
2014-03-06 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 1,080 35.1320 1,080 35.1320 37,943
2014-03-05 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 1,180 35.1152 1,180 35.1152 41,436
2014-02-07 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 1,584 33.1249 1,584 33.1249 52,470
2013-11-01 GAM TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL HG 2,500 35.3605 2,500 35.3605 88,401

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 Hg 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
2017-03-17 2017-03-15 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,000 2,326 -30.07 33.43 -33,432 77,762
2016-10-12 2016-10-10 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale 1,000 3,326 42.99 32.59 32,588 108,386
2016-06-24 2016-06-23 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,000 4,326 -18.78 31.33 -31,330 135,534
2015-07-29 2015-07-28 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,000 5,326 -15.81 34.12 -34,122 181,734
2015-07-15 2015-07-13 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -3,100 6,326 -32.89 34.80 -107,893 220,171
2015-02-18 2014-04-25 4/A GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
J - Other 2,000 10,246 24.25 36.44 72,874 373,332
2014-05-21 2014-05-20 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -212 7,426 -2.78 35.34 -7,492 262,422
2014-05-21 2014-05-19 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -788 7,638 -9.35 35.40 -27,897 270,401
2014-05-02 2014-04-25 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -2,000 8,426 -19.18 35.28 -70,560 297,269
2014-03-10 2014-03-07 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,210 10,426 -10.40 35.07 -42,440 365,686
2014-03-07 2014-03-06 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,080 11,636 -8.49 35.13 -37,943 408,796
2014-03-07 2014-03-05 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,180 12,716 -8.49 35.12 -41,436 446,525
2014-02-11 2014-02-07 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -1,584 13,896 -10.23 33.12 -52,470 460,304
2013-11-04 2013-11-01 4 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
S - Sale -2,500 15,480 -13.90 35.36 -88,401 547,381
2012-01-31 2011-12-23 5 GAM GENERAL AMERICAN INVESTORS CO INC
Common Stock
J - Other 345 17,980 1.96 25.48 8,791 458,130
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)