General American Investors Company, Inc. (NYSE:GAM - Get Free Report) insider Anang K. Majmudar acquired 427 shares of the company's stock in a transaction dated Tuesday, December 31st. The shares were bought at an average cost of $24.92 per share, with a total value of $10,640.84. Following the purchase, the insider now owns 5,400 shares of the company's stock, valued at approximately $134,568. This trade represents a 8.59 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
General American Investors Trading Down 0.5 %
NYSE:GAM opened at $51.01 on Wednesday. General American Investors Company, Inc. has a 52 week low of $41.88 and a 52 week high of $55.44. The company has a fifty day moving average of $52.21 and a 200 day moving average of $51.87.
General American Investors Announces Dividend
The firm also recently announced an annual dividend, which was paid on Friday, December 27th. Investors of record on Monday, November 18th were paid a $0.45 dividend. The ex-dividend date was Monday, November 18th. This represents a dividend yield of 0.8%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Cornerstone Advisors LLC grew its position in shares of General American Investors by 24.8% in the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company's stock worth $21,974,000 after buying an additional 87,843 shares during the last quarter. Pathstone Holdings LLC lifted its stake in General American Investors by 31.9% in the third quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company's stock worth $17,731,000 after acquiring an additional 79,975 shares during the period. Sanctuary Advisors LLC bought a new stake in General American Investors in the second quarter valued at $1,818,000. Capstone Investment Advisors LLC purchased a new position in General American Investors during the 3rd quarter valued at $1,769,000. Finally, Shaker Financial Services LLC increased its position in General American Investors by 41.9% during the 2nd quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company's stock valued at $5,396,000 after purchasing an additional 32,065 shares during the period. Hedge funds and other institutional investors own 36.85% of the company's stock.
About General American Investors
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General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.
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